Types of land leases in kenya

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There is no requirement for the person benefitting from this right to physically own the land themselves. Leases and Tenancies. These types of rights carry more weight than mere licences, and the person benefitting from such a right is able to bring legal action against the landlord in order to protect their numerous rights. Many statutory laws. This when the asset is leased for a short period of time e.g hiring a tractor to plough a piece of land. It has the following features; Lease period is very short relative to economic life of the asset. Contract can be cancelled either party before the end of lease contract. Lessor incurs maintenance, operating and insurance expense on the asset.
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