COMPULSORY ONE YEAR RENT ADVANCE WON'T WORK -MR GBORGBORTSI




Mr. Norbert E. K. Gborgbortsi, C. E. O of Gnek Company Limited has said the implementation of the proposed one year rent payment bill being advanced by the Ministry of Works and  Housing would be impossible.

Sharing his opinion on the new rent bill before parliament in an exclusive interview with KkbPortal.com, Mr Gborgbortsi noted the bill is not possible, stating the law is dead on arrival.

"The policy will woefully fail because government itself does not have enough housing project to serve as an alternative if private landlords fail to comply with the policy" Mr Gborgbortsi noted.

He explained for government to fully implement this policy, it must have affordable houses to meet the housing deficit in the country.."something that you don't have enough share, you can't have absolute control over it".

A new rent bill the government is putting together will make tenants pay between one month to a year’s rent advance instead of the initial six-months in the current rent law.


He noted the cost of building in the country is expensive.

This he noted comes together to make the housing sector expensive.


"The cost of land, building materials and taxation  imposed on the real estate sector make building very difficult. Else where in the world, government assist local real estate developers by giving them tax incentives as well financial support especially in reduction in interest rate on loans" the deputy PRO for CCT advised.


He hinted of the  difficulties landlords face in finding tenants to rent or purchase these houses.


"With these difficulties an estate developer has to go through before putting up a building, one can't sell his house at a cheaper rate. Varying between 150, 000 and 200, 000 Ghana Cedis for two-bedroom and three-bedroom houses an average Ghanaian worker can't buy it. This is the hustle developers go through to get a buyer." He expressed worry.

GNEK Company Limited provides services in renting houses, rooms and properties, renovation of dilapidated buildings, sales of lands and houses, engineering works, among others.

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