MERINO PROPERTY DEVELOPMENT

Merino property development is essentially a real estate development set up in the year 2017 so as to develop buildings or land into a higher use value. We are able to develop affordable rental houses at any given viable location. Merino property development head office is located in banana Wandui plaza, first floor. We usually identify prime piece of land that can be used to set up a development project, in this case, rental houses and approach the owner of such property or may approach us for partnership. The owners may fail to meet the threshold for securing loans from banks despite having land titles which is a basic requirement, they lack financial statements necessary in showing borrower’s ability to repay loans. The first thing we do after meeting the potential client is visit the piece of land ,take measurements for section intended for leasing, do feasibility study and negotiate for monthly rent depending on location.  The owner submits the tittle to us, to proceed with due diligence to ascertain ownership of the land. After establishing ownership, a lease agreement is drawn, signed by both parties and witnessed by a lawyer. An equivalent of one month’s rent is paid s security deposit, clearance with various national bodies that permit construction is done and the construction work kicks off. We have three successfully completed projects, one still ongoing and others we are intending to work on with time. Our job is to develop quality and innovational property developments that will encourage the society way of living.