Rent Control

Rent Act – 1963 (Act 220) Sections 2-5

Section – 2 – Rent Commissioner. There may be appointed for the purposes of this Act a Rent Commissioner, who shall subject to the general or special directions of the Minister, be charged with the responsibility of the general administration of the Act. Section – 3 – Officers. (1) There shall be appointed for the purposes of this Act-(a) a Chief Rent Officer for...

What Is Rent Control?

Rent control is a government program that places a limit on the amount that a landlord can demand for leasing a home or for renewing a lease, According to Investopedia. Rent control laws are usually enacted by municipalities and the details vary widely. All are intended to keep living costs affordable for lower-income residents. Check: Rentchamber's Affordable Housing...

On the Folly of Rent Control, What Can Ghana Learn From The USA

In 1994, Massachusetts voters approved Question 9, a ballot initiative that banned rent control statewide. It was a vote in favor of economic fairness and basic property rights, and it established a consensus that has stood for 25 years: Rents should be regulated by supply and demand, not by politicians. For years, heavy-handed rules governing what landlords could charge for their property had wreaked...

Who Determines Rent Price: Landlord, Tenant or Rent Control?

The importance of housing cannot be overemphasized. With socio-economic benefits attributed to individuals and a country as a whole, housing has become an integral component for many developed economies. In Ghana, demand is one of the leading price determinants of the search of a house. Accra can be recorded as one of the highest demand of the search of a house. With this most land owners had started...

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