Why Landlords In Ghana Charge 1 Or 2 Years' Rent Advance Instead Of Charging Monthly Rent Saturday, September 24, 2022 at 12:26 PM by Richmond Setrana Landlords in Ghana are bent on extended rental periods, such as demanding 1 or 2 years' rent advance when other countries pay a monthly rent Ghanaians have lamented the financial burden of paying for 1 or 2 years' rent, but landlords are adamant about changing their ways The government has also not enforced strict regulations which would ensure that the rental sector is more favourable to Ghanaians PAY ATTENTION: ?heck out news that is picked exactly for YOU ?? find
Recommended for you block on the home page and enjoy! In Ghana, there has always been a lot of discussion about the challenges of acquiring the lump sum necessary to pay rent in advance. But what does "rent in advance" actually mean? Paying rent in advance means paying the total sum for a rental property at the start of the rental period. Read also Fear grips undocumented foreign workers in South Africa Ads by ADVERTISEMENT Ads by A landlady (left) sweeps the compound of her house. Photo credit: Michael Tagoe and Bloomberg Source: Getty Images According to Ghana's Rent Control laws, landlords face a two-year prison sentence if they charge more than six months' worth of rent upfront from tenants before renting out their homes. However, that is not the case in several instances; landlords in Ghana refuse to rent out their houses if prospective tenants cannot meet their demand of a 1 or 2-year upfront payment for the property. Below is a phrase from the amended Rent Act 1963 (Act 220), which reads: Anyone who requires more than a month's rent in advance for monthly or shorter leases or more than six months' worth of rent in advance for leases lasting longer than six months is in violation of the law, and upon conviction by the appropriate Rent Magistrate, they face a fine of up to 500 penalty units, or about 600 cedis, or a jail sentence. PAY ATTENTION: Enjoy reading our stories? Join YEN.com.gh's Telegram channel for more! Read also Plumbing works and 2 others ways property owners can preserve their homes from damage Government authorities have issued several proclamations warning landlords against this infraction throughout the years, particularly those from the rent control agency. Yet, little has been done to bring the perpetrators to book. People have called on various regulatory bodies to enforce the rental laws, all to no avail.
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