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Our Rental Story – Part One

GhanaianRadar by GhanaianRadar
February 19, 2026
in News
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Our Rental Story – Part One

Adeline Quarshie -CEO, Credence Holdings Global

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We entered into the tenancy agreement in April 2025, confident that we were making a sound and reasonable decision. At the time, everything looked straightforward. The terms were discussed, the expectations seemed clear, and the tenant appeared agreeable. Like many first-time landlords, we believed mutual understanding and good faith would carry the relationship forward.

What we learned very quickly is this: a tenancy agreement is far more a legal relationship than it is a trust relationship. Trust may start the conversation, but the law is what sustains—or ends—it.

The agreement was structured for a one-year tenancy. However, instead of the tenant paying a full year’s rent in advance, we agreed to a four-month advance payment cycle—meaning rent would be paid three times within the year. In addition, the tenant paid one extra month as a security deposit before moving in.

On the surface, this arrangement seemed flexible and fair. In hindsight, it was one of the most dangerous decisions we made. We will return to this point later, because its consequences only became clear when things began to unravel.

The tenant paid the first four months’ rent and the security deposit and took possession of the property. At that point, everything appeared normal. But one of the most important lessons we want property owners to understand early is this: tenancy agreements should never be rushed. They are not mere formalities. They exist to protect both landlord and tenant—especially when the relationship turns difficult.

As a landlord, every “do” and “don’t” must be clearly spelled out in writing. Rights of entry, termination conditions, notice periods, use of the property, and exceptional circumstances all matter. This is why tenancy agreements cannot be overly simple or casually drafted. What is not written may as well not exist.

Before the agreement was signed, we had verbally informed the tenant that the property was also listed for sale and could be sold if a suitable buyer emerged. At the time, this felt sufficient. The tenant acknowledged it, and we moved on. However, that understanding was never captured anywhere in the written agreement.

That omission would soon become critical.

What made the situation even more delicate was that we executed two tenancy agreements on the same day. One property was fully ready, while the second was still being prepared. The understanding—though never reduced into writing—was that the tenant would make advance payment for the second property to enable us to complete furnishing and make it ready for occupation. Based on this understanding, both agreements were signed.

The tenant paid for only one property.

Within the next three days, he moved into the first property on the same day payment was made. However, he refused to make payment for the second property after the agreement had already been executed. What had initially been positioned as a coordinated engagement across two properties quietly became a one-sided commitment—one that left us exposed from the very beginning.

Barely two months into the tenancy, we received interest from a prospective buyer. Acting in line with the agreement, we prepared a written notice of our intention not to extend the tenancy beyond the initial four-month rent period already paid. However, we did not serve it immediately, as we were contemplating our next move and weighing the best course of action.

That moment marked the true beginning of the ordeal.

What followed challenged everything we thought we understood about rentals, agreements, and enforcement. Conversations changed tone. Cooperation disappeared. And what had started as a simple landlord–tenant relationship quietly transformed into something far more complicated.

That was when the drama truly began.

Part Two will take us into what happens when written agreements meet resistance—and why enforcement is often more complex than ownership itself.

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From Paper to Reality: Lessons Learned in Ghana’s Rental Market

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Our Rental Story – Part Two

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