Lenders who provide loans do so with the paramount aim of being paid back. Towards this end, when borrowers take credit facilities, the lenders sometimes require them to provide guarantors as security for repayment of the facilities. The issuance of a guarantee usually provides additional security and comfort to the lender that in the event of default, it can either go after the principal borrower or the guarantor.
Amollo Simba is an associate in the Real Estate and Finance practice group at IKM. He advises on the full spectrum of real estate and finance including the sale and purchase of real property, financing and securities. Amollo’s clients range from banks, corporates to individuals.
Experience has included advising:
- As a team member, in pre-merger due diligence
- As a team member on assignment of securities between lenders
- Advocate admitted to the High Court of Kenya (2021)
- Kenya School of Law, Diploma in Law (2020)
- University of Nairobi (2018)
- 2021 May to date, Associate, IKM Advocates, DLA Piper Africa member firm in Kenya
- Member of the Law Society of Kenya
The Sectional Properties Act 2020 ("Act") was enacted in 2020 to align with the provisions of the Constitution of Kenya, 2010 and the land laws enacted in 2012. Subsequently, the Cabinet Secretary for the Ministry of Lands and Physical Planning gazetted the Sectional Properties Regulations ("Regulations") on 16 November 2021. Please read the frequently asked questions (FAQs) on the Act and the Regulations below.
The Landlord and Tenant Bill 2021 (Bill) was introduced by the Majority Leader in the National Assembly, Hon. Amos Kimunya earlier in 2021 and has since been passed by the National Assembly and is currently being considered by the Senate. The Bill seeks to promote stability in the rental sector by consolidating laws governing the relationship between landlords and tenants and repealing existing laws including the Distress for Rent Act (DRA), the Rent Restriction Act (RRA) and the Landlord and Tenant (Shops, Hotels and Catering Establishments) Act (LTA).