The launch of Enaki Town in November 2018 was met with fanfare, promising a new chapter in Nairobi’s luxury real estate market.
The Waiyaki family, alongside HassConsult, envisioned a Ksh.10 billion haven of penthouses, duplexes, and apartments, all nestled within a serene garden.
However, the present-day reality paints a different picture.
A group of over 100 homeowners, who invested in the early stages of Enaki Town, now find themselves at odds with the developer, Rosslyn Suites Limited, predominantly owned by HassConsult.
The heart of the conflict lies in lease agreements that the homeowners claim unjustly restrict their rights and impose financial burdens.
These agreements, introduced unexpectedly post-sale, have left many feeling wronged and trapped.
One clause in particular has sparked outrage: it names HassConsult as the exclusive letting agent for Enaki Town, thereby limiting homeowners’ freedom to lease their properties.
The agreements also demand fees for leasing units even if homeowners secure tenants on their own and hefty charges to exit the rental market.
Compounding the issue are delays in project completion, which have led to substantial financial losses for the investors.
The fluctuating USD/KSHS exchange rate in an unstable market has only worsened these losses, heightening tensions and eroding trust among homeowners.
The gap between the promised amenities and the actual quality delivered has further diminished homeowners’ confidence.
Despite these pressing issues, HassConsult has maintained a conspicuous silence, ignoring homeowners’ repeated attempts to reach out.
Homeowners now demand accountability and clarity as they strive to rescue their investments.
Enaki T602 Agreement for Lease (1)_removed
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