Ghana Real Estate Dictionary vol. 15

Land has long been a highly strategic asset in Ghana and the world beyond. More often than not, it has proven to be a wise investment tool. In many cases, you are likely to encounter a lands expert who may bombard you with jargon. Jumia House offers explanations to some terminologies used in the acquisition process of lands.

  • Lands Commission

The body created by law to oversee land business in Ghana, Lands Commission assists individuals in the registration of lands, thus, aiding in the transparency of the sector. It has also been given the power to manage public lands and any other lands vested in the president or the constitution.

  • Land surveying

This is the technique and science of locating the position of points on, above or below the land and the distances and angles between them.

  • Land use

This refers to the actual purpose that the land is expected to be used for. In Ghana, lands have been demarcated for various purposes, such as residential, commercial and agriculture. You need to find out whether the land you are interested in has been set apart for the purpose you have planned for.

  • Lease

This is a contract between a seller and a buyer allowing the buyer the rights to use a land/property belonging to the seller for a stipulated period. This agreement is somewhat restrictive in nature, that is, the buyer is not given ownership of the property. In essence, the expiry of a lease returns the rights of the property to the seller. It should be noted that during the period of a lease, the buyer is responsible for the condition of the property.

  • Lessee

A lessee is a tenant who has been transferred the rights to a land/property by a landlord and assumes control over it for a time period.

  • Lessor

Describes an individual who is the owner of a land/property and offers it to an interested buyer for a stipulated period. The lessor in a sense transfers the rights of this land to the tenant for the specified period after which the tenant becomes responsible for the condition of the land.

  • Litigation

It refers to a legal system employed to resolve disputes between two parties. Ghana is usually characterized with a number of land disputes and litigation is one method that aggrieved parties can explore in order to remedy the situation.

  • Land use

This refers to the actual purpose that the land is expected to be used for. In Ghana, lands have been demarcated for various purposes, such as residential, commercial and agriculture. You need to find out whether the land you are interested in has been set apart for the purpose you have planned for.

  • Land surveying

This is the technique and science of locating the position of points on, above or below the land and the distances and angles between them.

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