meQasa brings you 26 Facts about acquiring lands in Ghana.
Did you know?
- A lease is a contract between a lessor or a seller and a lessee or a buyer that allows the buyer rights to the use of a property for a period of time.
- A lease is supposed to have the names of both the seller and the buyer.
- A lease should describe the property or the parcel of land, in terms of its exact location.
- The lease should state the period or the terms within which the buyer can hold the land.
- If the government leases a land to an individual, he/she is supposed to start developing the land within 12 months and complete within 36 months.
- Some leases insist the building is put up within a month.
- An individual can always negotiate for a longer period to put up a building on a land before he/she appends his/her signature on the lease.
- Appending one’s signature on a lease transforms it into a binding contract.
- If an individual agrees to build on a piece of land within a specific period of time and the time elapses, the lessor can take back his/her property.
- If an individual is given a land for a specific period of time to build a property and he/she thinks the time frame is not enough, he/she can negotiate for a longer time frame.
- When acquiring a land, insist on seeing the site plan before purchasing.
- Signing the lease seals the whole deal.
- If an individual takes the lease and it expires, it technically reverts to the lessor.
- There is a maxim in the law which states that anything on or underneath the land is a LAND.
- When an individual acquires the site plan for a parcel of land, he/she needs to head straight to the Lands Commission.
- With the site plan, one can acquire information about the ownership of the land as far as the Lands Commission is concerned.
- The Lands Commission is the only agency mandated by law to keep records on lands.
- The Lands Commission is able to reveal all encumbrances on all lands in Ghana.
- Before purchasing a land, an individual is required to work with the planning authorities to know the actual land use and the district the land falls.
- Working hand in hand with the Lands Commission allows individuals to come up with the proper zone of the land. For instance, if a particular land is mapped out for a road or a school or a park.
- When acquiring a land, insist on seeing the identity card of the person selling the land.
- Even when making payments or signing or executing the lease, the lessee needs to take photographs of the entire process for future references.
- The lessor is likely to be fraudster when he/she refuses to be captured on camera during the payment process.
- When acquiring lands, employ professionals like land surveyors and lawyers.
- Acquire lands from only trusted individuals.
- Ignore persons who insist you pay money to them before you conclude your search on the ownership of the land.
Kwame Ankapong Yeboah, Land and Property Investment Consultant