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It is a legal document through which the property owner transfers property ownership rights to the buyer for an amount. It contains the property description, the rights transferred in it, and the amount paid by the buyer to purchase the property. It must be registered with the Sub-Registrar Office for it to be legal.

In Ghana, a lease may be as short as one year and as long as agreed on between the parties involved. The most common practice however is that buyers are offered a 99 year lease.

The lease agreement is valid for a period of 99 years, after which the property reverts back to the lessor (the owner of the property). Rights and Responsibilities: The lessee has certain rights over the property during the lease period, including the right to use, occupy, and transfer the lease to another party.

Leased Lot means land, with or without improvements, located within the Park, used for residential and/or commercial purposes. Leased Lot means any Lot within the Properties not occupied by the Lot Owner and for which any remuneration is paid to the Owner for the use or occupancy of such Lot.

What to Include in a Rental Cover Letter Summarize Your Employment History. A landlord is far more likely to rent to someone with steady employment ? they need the tenant to be able to pay rent every month. ... Share Your Hobbies. ... Discuss Your Thoughts on What Makes a Good Neighbor. ... Explain Why You Want To Live in This House.

Common contents of a lease agreement include: Names of the lessor and lessee or their agents. Description of the property. Amount of rent and due dates, grace period, late charges. Mode of rent payment. Methods to terminate the agreement prior to the expiration date and charges if any.

The Lessor agrees to demise to the Lessee and the Lessee agrees to take on lease the said piece of land situate at ________________ and more particularly described in the Schedule hereunder written for a period of 99 years commencing from the date of the deed of lease to be executed as hereinafter mentioned at the ...