[2020] KEHC 7142 (KLR)

[2020] KEHC 7142 (KLR)

The court determined that, given the respondent's consistent opposition to a sale and her willingness to buy out the applicant's 70% share, equity and the circumstances of the case favored allowing the respondent to retain the property by paying the applicant his share. The court found that the applicant's request...

Source-derived case information.

Citation
[2020] KEHC 7142 (KLR)
Parties
Respondent: MAA; Applicant: ARR
Court
High Court
Court Station
High Court at Marsabit
Jurisdiction
Kenya
Case Number
Matrimonial Cause 1 of 2017
Procedural Posture
Matrimonial Cause / Ruling on Post Judgment Application Regarding Sale or Buy Out of Matrimonial Property
Outcome
Application for sale of property dismissed; respondent allowed to buy out applicant's share.
Judges
SJ Chitembwe
Legal Topics
Matrimonial Property Division, Property Valuation, Buyout of Share, Co Ownership Dispute
Source Language
en
Family and Children Land and Property Matrimonial Property Division Property Valuation Buyout of Share Co Ownership Dispute

Source-derived case record

Summary, issues, holding and outcome

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Parties

MAA

Respondent

ARR

Applicant

Procedural Posture

Matrimonial Cause / Ruling on Post Judgment Application Regarding Sale or Buy Out of Matrimonial Property

  1. 1 Whether the matrimonial property (plot number XXX, Marsabit town) should be sold and proceeds shared or one party allowed to buy out the other's share.
  2. 2 How to determine the fair value of the property for purposes of buy-out.
  3. 3 Whether the majority shareholding entitles the applicant to force a sale against the respondent's wishes.

Ratio Decidendi

The court determined that, given the respondent's consistent opposition to a sale and her willingness to buy out the applicant's 70% share, equity and the circumstances of the case favored allowing the respondent to retain the property by paying the applicant his share. The court found that the applicant's request to buy out the respondent was an afterthought, only raised after the respondent expressed her intention to buy out the applicant. The court held that the majority shareholding was not the decisive factor; rather, the willingness and circumstances of the parties were paramount. The court adopted the higher of the two valuation reports (Ksh.16.5 million) to ensure both parties...

Court Disposition

Application for sale of property dismissed; respondent allowed to buy out applicant's share.

Orders

  • The value of plot number XXX, Marsabit town is determined at Ksh.16,500,000.
  • The respondent (MAA) shall pay the applicant (ARR) Ksh.11,550,000 (70% share) within sixty (60) days.