Exploring the Pros and Cons of Home Ownership Through Rent to Own in Kenya

With the ever-growing demand for housing in Kenya, more and more people are turning to rent to own arrangements as a way of owning their own home. This week on @ntvkenya's #BusinessRedefined, we discuss the pros and cons of this route to home ownership. What does one look out for in a rent to own arrangement? What does the law provide? These questions will be answered by experts from various sectors such as real estate, banking, and legal advisors. They will also discuss other options available for those looking to buy or build their own homes. Rent to own is an attractive option for many people because it allows them to pay rent while building up equity towards eventual ownership of the property. It can also be a good option if you don’t have enough money saved up for a down payment or if you have bad credit that would prevent you from getting approved for a mortgage loan. However, there are some risks associated with this type of arrangement that must be taken into consideration before entering into one. For example, it is important to make sure that all parties involved understand what they are agreeing upon and that any potential pitfalls are addressed before signing any contracts or agreements. Additionally, it is important to understand how long the lease term is and what happens when it ends - will you still owe money on the property or will you automatically become its owner? Also consider whether there are any restrictions on what improvements can be made during your tenancy period so that you don’t end up investing time and money into something that won’t benefit you in the long run. Finally, it is essential to understand your rights under Kenyan law when entering into a rent-to-own agreement so that you can protect yourself should anything go wrong during your tenancy period. The experts on @ntvkenya's #BusinessRedefined will explain these laws in detail so viewers can make informed decisions about whether this type of arrangement is right for them or not. Tune in tomorrow (Jan 17th) starting 7:30pm https://t.co/RIFWlN5SOh!