Auctioneers Start Process to Sell Jubilee Party's Building

alfred kiura

November 26, 2018 2:23 PM

Reports have emerged explaining why Jubilee Party's property will be auctioned.

Jubilee Party Head Quarters

The Jubilee Party stands to lose its property over rent arrears.

Reports by the Standard claimed that Jubilee had not paid rent for eighteen months for its Nakuru County headquarters offices stationed in the suburbs Milimani estate.

Accumulated Rent

Auctioneers were called in by the Kenya Farmers Association (KFA) which owns the municipality block, through its lawyers Gatu Magana.

The law firm asked Nasioki Auctioneers to recover the accumulated rent for the period between May 2017 and October 2018.

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Part of the letter read: “Urgently and expeditiously proceed to levy distress for rent on behalf of our client KFA Ltd towards the recovery of outstanding rent arrears of Ksh939,600 as up to November 2018. Also, collect your auctioneer’s charges from the tenant.”

Jubilee Party was served with the notice by Nasioki Auctioneers stating that its property at the premises would be auctioned if rent arrears won’t be paid within fourteen days of the notice.

“You are hereby notified that the movable property is duly distrained and left in your custody for 14 days from today. At the expiry of this proclamation, the property shall be removed and sold at a public auction,” the notice stated.

Notice Expired

According to the law firm, the notice expired over ten days ago but the political party had not communicated on when and how the amount will be paid.

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“We have today proclaimed assorted office chairs, tables and other movables belonging to the tenant to be attached if need be. The goods are roughly valued at Ksh200,000,” read part of the firm’s schedule of movable property.

However, the auctioneers will be struggling on the gains that would be made after the sale of the property which the company valued at a fifth of the total claim.

alfred kiura