Rent

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...

Kiosk Estate Residents Cry For Help: Who Saves Them?

Kiosk Estates are springing up across Ghana's major cities in light of high rent charges and the unregulated nature of Ghana's property rental market. This phenomenon has been on the ascendency over the decades but there seems to be no hope in sight. Hundreds of thousands of these slum dwellers, some of which Rentchamber had conversations with, are hard-working citizens who deserve better accommodation....

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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