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Landlords faced with higher financing costs have gradually sought to increase their rents, as would be tenants hold their ground with a lower bid price, leaving lots of houses vacant in Nairobi, writes ALLAN OLINGO
In March 2008, Eddy Mulinge signed his lease contract indicating that his Sh8,500 one bedroom apartment rent in Umoja was to increase by 10 per cent after two years (read 2010) and then yearly after that.
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