Perhaps you've been wondering how to manage your tenants as a landlord or as an incoming landlord. A tenancy agreement is the most reliable way to guarantee your tenant's rights, as they will bind both the landlord and tenants. It is a legal document that is signed by the owner of the property and the tenant who temporarily occupies the property. In the agreement, the parties, the property, the rental term, and the rent amount are spelt out, this affords an easy way to keep both parties in check without infringing on rights.
Most people do not know where to start from if they have to write a Tenancy agreement. You may want to hire the expertise of a legal practitioner if you can afford, however reading this article means you want to attempt writing the tenancy agreement yourself. Below is a guide to drafting a legally binding lease that outlines the property details, tenancy period, landlord and tenant obligations, rules, and constraints for both parties. Despite attempting to draft the tenancy agreement yourself, It is advisable to have a lawyer go through the agreement before signing for both parties.
This agreement is a vital one to the smooth and stable cooperation between the landlord and the tenant during their occupancy. Therefore it is highly recommended that both parties thoroughly comprehend what it entails before signing.
The guidelines below should assist in outlining the essential components of a tenancy agreement in Ghana regardless of the property type. This checklist below serves as a guide and may not be limited to the list below, it can be elaborated upon or may be reduced to suit both parties.
Below is a short Tenancy agreement with credits to one of the top property management companies in Ghana Talis Property services.
THIS SHORT LET AGREEMENT (the “Agreement”) is made and entered into this DATE.
BETWEEN………………(hereinafter called the “Landlord”) AND ……………………… (hereinafter called the “Tenant”) of the other part.
HEREBY AGREED AS FOLLOWS:
IN WITNESS WHEREOF the parties hereto have executed this TENANCY AGREEMENT the day and year first above written.
READ, ACCEPTED and SIGNED BY LANDLORD
In the presence of:
READ, ACCEPTED AND SIGNED BY THE TENANT
In the presence of:
Deciding a rent in Ghana is not the sole decision of the landlord. In Ghana, we have the rent control body which provides guidance in pricing the rent of the place. Ghana’s Rent Control policy adheres to the rent Act of Ghana 220. This act was signed in 1963 and is a requirement by the Rent Control Division. As a legal body, it outlines the relationship between a landlord/lady and their tenant. Its main agenda is to serve the interests of both parties by describing their responsibilities.
The rent law of Ghana encourages tenants to take care of the property and pay utility builds hence any destruction to an owner’s property is punishable by law. In addition, the eviction clause prevents unlawful eviction before the tenancy period is complete. However, there is a provision for the landlord to terminate the contract requiring tenants to vacate the premises with a three months notice. Though disregard for rules may warrant a week’s notice instead.
If at any point there is a detection of violation to the agreement, guidance can be sought from Rent Control Ghana.