IS THERE A RESIDENT’S ASSOCIATION STRUCTURE FOR MANAGEMENT FEES ETC, WHAT WILL THESE BE?
Yes, all buyers become a member of the Mon Reve Homeowners Association, and will have a say in the management of the estate, the structure of the management, and the fees.
The estate management/service charge fees will be in the region of KSHS. 10,000 per month and these cover the management team, all maintenance of common areas and security.
IS IT POSSIBLE TO LET OUT YOUR HOME?
This is allowed, both for long term and short-term rentals. All occupants will however be obliged to adhere to the Home Owners’ Rules. The management team will also assist homeowners acquire tenants.
WHAT COMMON UTILITIES ARE THERE?
There is a borehole provided to supply fresh water to all homeowners. The water will be metered to every property and billed per consumption.
There is also a tennis court, a gym and a swimming pool complete with a club house.
WHAT IS THE LAND OWNERSHIP / LONG TERM LEASE STRUCTURE?
Each buyer upon payment of the purchase price and signing of the sale agreement will be given a freehold title. Each buyer will also be issued a full share in Mon Reve Du Lac Management Ltd.
CAN A NON-KENYAN BUY A FOOTPRINT?
Yes. According to the constitution, foreigners can own leasehold land only for a term of not more than 99 years.
WILL I HAVE A SAY IN MANAGING MON REVE ESTATE AS A MEMBER OF THE HOME OWNERS ASSOCIATION?
Yes. As a shareholder and in accordance with the Memorandum and Articles of Association, each member shall have the right to vote at meetings of the Home Owners’ Association. Each member will have the opportunity to stand for being a Board Member of the Home Owners’ Association and will have the right to vote in respect of certain management issues.
IF I WANT TO SELL MY PROPERTY, ARE THERE ANY RESTRICTIONS?
Each owner is free to sell their property as they wish. However, it should be noted that the Home Owners’ Rules will apply equally to all subsequent purchasers, who ought to be made aware of these rules prior to any such sale.