[2010] KEHC 1422 (KLR)

[2010] KEHC 1422 (KLR)

The court found that the parties had consented to the plaintiff purchasing the suit property at a value to be agreed or, failing agreement, to be determined by the court. The 2008 valuation by Lloyd Masika Ltd, jointly instructed by the parties, was not challenged or supplanted by any subsequent valuation or...

Source-derived case information.

Citation
[2010] KEHC 1422 (KLR)
Parties
Plaintiff: Antony Francis Wareham; Defendant: Brian John Hawkes; Defendant: Charles W. Rubia
Court
High Court
Court Station
High Court at Nairobi (Milimani Law Courts)
Jurisdiction
Kenya
Case Number
Civil Suit 2259 of 2007
Procedural Posture
Civil Suit / Ruling on Determination of Purchase Price Following Consent Orders and Failed Negotiations
Outcome
Plaintiff to purchase the suit property at Kshs.6,250,000 with interest at court rates from 28th July, 2008, rent paid to be offset against interest; each party to bear own costs.
Legal Topics
Estate Administration, Beneficiary Rights, Sale of Estate Property, Valuation of Property
Source Language
en
Land and Property Civil Procedure Estate Administration Beneficiary Rights Sale of Estate Property Valuation of Property

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Parties

Antony Francis Wareham

Plaintiff

Brian John Hawkes

Defendant

Charles W. Rubia

Defendant

Procedural Posture

Civil Suit / Ruling on Determination of Purchase Price Following Consent Orders and Failed Negotiations

  1. 1 Whether the plaintiff, as a beneficiary, is entitled to purchase the suit property from the estate of the deceased at the value determined by the court.
  2. 2 Whether the 2008 valuation by Lloyd Masika Ltd should be adopted as the purchase price in the absence of agreement between the parties.
  3. 3 Whether the plaintiff is entitled to remain in possession pending purchase and on what terms.

Ratio Decidendi

The court found that the parties had consented to the plaintiff purchasing the suit property at a value to be agreed or, failing agreement, to be determined by the court. The 2008 valuation by Lloyd Masika Ltd, jointly instructed by the parties, was not challenged or supplanted by any subsequent valuation or evidence of current market value. In the absence of any contrary evidence and in the interest of fairness to all beneficiaries, the court held that the appropriate purchase price was Kshs.6,250,000 as per the 2008 valuation. The court further ordered that interest at court rates be paid from 28th July, 2008 to the date of payment, with rent paid by the plaintiff to be offset against...

Court Disposition

Plaintiff to purchase the suit property at Kshs.6,250,000 with interest at court rates from 28th July, 2008, rent paid to be offset against interest; each party to bear own costs.

Orders

  • The plaintiff shall purchase LR No.209/10530/121 at Kshs.6,250,000.
  • The plaintiff shall pay interest on the purchase price at court rates from 28th July, 2008 to date of payment.