4 Bed Townhouse with En Suite at Milimani

TOWNHOUSES FOR SALE WITH RENT TO OWN PROGRAMME. The key details are as follows: 1. Price List ITEM DESCRIPTION 3 BEDROOM UNIT PRICE KES 10,000,000 4 BEDROOM UNIT PRICE.KES 10,750,000 Cash and Mortgage from from any financial institution. Tenant Purchase scheme 3 BEDROOM UNIT PRICE KES 10,500,000/= 4 BEDROOM UNIT PRICE KES 11,250,000/= 2. Non-refundable Down Payment: All Purchasers under this Scheme will be required to make a non-refundable down payment of 10 percent of the value being purchased; 3. Interest Rate: The interest rate shall be 12 percent compounded annually on a reducing balance; 4. Term of Facility: The maximum length of a TPS purchase will not exceed 20 years; and 5. Transfer of Title: This will be done upon completion of payment. 6.Stamp duty at 4% .Payable during completion and the transfer of documents. 7. For the Tenant Purchase Scheme, you will be required to pay preliminary costs including; i. Registration cost and certificate of lease Ksh.1,000 ii. Purchase 1 share for the management company set up Ksh. 2,000 iii. Reversionary interest purchase costs Ksh. 1,000 iv. Service charge security deposit (3 months) Ksh. 21,000 v. Advance service charge (3 months) Ksh. 21,000 vi. After the first 3 months service charge will reduce to Ksh. 5,000 per month. vii. Electricity and water charges Ksh. 10,000 (Initial deposit) viii. Legal fees – 1% PLUS VAT You will also be required to take a mortgage/credit protection cover and a domestic insurance cover throughout the TPS period.