23 C
Kenya
Tuesday, November 24, 2020

Waiguru faces auctioning, eviction from Sh. 80 million Kitisuru home

Must Read

Banda Homes now claims it’ll pay rent for investors if house projects delay

Banda Homes Off Plan: Controversial off plan real estate firm Banda Homes has announced that it has reorganized its...

How Gakuyo took Sh. 1 billion from unsuspecting investors to fund lifestyle

David Kariuki Ngari alias Gakuyo likes to refer to himself as a man of God. A man of the...

Gakuyo rebrands, makes comeback with another land project

Scandalous real estate firm Gakuyo is back. The firm has rebranded and is now going by the name New...

Waiguru Kitisuru Home: Kirinyaga Governor Anne Waiguru is facing auctioning and eviction from her upmarket Kitisuru home in Nairobi. This follows a rent demand of Sh. 44.5 million which the governor has failed to pay.

According to a report that appeared in a local daily, Waiguru has sought court protection from property developer Kihingo Village Ltd. Apparently, the governor and the developer had entered into a sale deal five years ago which never sailed through. Now, the developer has asked the governor to pay the millions of shillings or vacate the Sh. 80 million house.

“Waiguru says that she paid Sh. 40 million in cash for the property and had an agreement with KCB Group to offer an additional Sh. 40 million as mortgage. The mortgage agreement was not completed,” says the report that appeared in the Business Daily on Wednesday.

The report adds that Kihingo Village has denied receiving payment from Ms Waiguru, calling the governor a tenant and not the owner. It has then demanded that the governor pay rent for the five years she has been residing in the home or risk asset seizure by Chardor Auctioneers.

“The applicant is apprehensive that unless the orders sought herein are granted, the consequences of the eviction will be dire as the suit property is her residential home where she resides with her family. The damage will be irreparable,” Waiguru told the court through her lawyer Waweru Gatonye. “Further, the orders will embolden the defendants (Kihingo Village Ltd) to demand for rent which as stated above is unwarranted and untenable in law.”

Jobless? How you can make Sh. 100,000 if you have Sh. 15,000 capital

In the case, Justice Elijah Obaga issued temporary orders stopping Kihingo from evicting and auctioning Waiguru.

The report in the Business Daily says that court documents show that Waiguru approached KCB on January 22, 2016 for a loan of Sh. 40 million and charged the property to the bank. Waiguru now blames the property developer for delaying the KCB mortgage deal.

“The delay in completion of the said agreement has been occasioned by the respondents who have failed to deliver the completion documents to enable the bank to register a charge against it before releasing the balance of the purchase price,” said Waiguru in court documents. “… I am not a tenant in the suit property but a purchaser who has so far paid half the purchase price in line with the provisions of the lease agreement dated 25th September 2015.” Waiguru Kitisuru Home

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

190,412FansLike
11,005FollowersFollow
243FollowersFollow
302SubscribersSubscribe
WhatsApp
Telegram

Latest News

LG Donates Puricare Wearable Air Purifiers To Frontline Healthcare Workers

LG Electronics in partnership with Opalnet Limited have donated PuriCare wearable air purifiers worth Kshs 5 million to the Kenya Medical...

Photos: My tiny but cozy Sh. 2 million three bedroom container house

Three Bedroom Container House: Nyambura Ndiba's house might seem simple and tiny from outside. But it is certainly the adaptation of the phrase simple...

Home owners lose multi-million houses after developer defaulted on loan

Home owners at the multi-million Gables Park Estate in Mavoko Sub County, Machakos County are counting millions of losses. This is after auctioneers descended...

House agent disappears after collecting Sh. 8.7 rent for three months

House Agent Nairobi: A property manager in Nairobi collected and disappeared with over Sh. 8 million in house rent. The man who was identified...

More Articles Like This