Kenya Auction Process Classifications

Kenya Auction Process Classifications

Auction process in Kenya is classified into three main categories;

  1. Distress for rent,
  2. A court judgment also referred to as warrant of attachment and realization of property like in the case of a mortgage company or
  3. A bank recovering their money

A 14-day proclamation notice(the law requires an auctioneer to present a notice of attachment of property) is given in the case of distress for rent, seven days for a warrant of attachment and 60 days when handling immovable property like land and buildings. Source

  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

Post navigation

Leave a Reply

Your email address will not be published. Required fields are marked *

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