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The Practice of Defect Liability Period in the Real Estate Industry in Ghana

Author

Listed:
  • Lewis Abedi Asante
  • Dennis Papa Odenyi Quansah
  • Jonathan Ayitey
  • Elias Danyi Kuusaana

Abstract

A study on the dynamics of the defect liability period (DLP) in Ghana is lacking, notwithstanding the fact that it is a common practice in the real estate industry. This study examines the practice of the DLP in Ghana’s real estate industry. The study adopts a combination of simple random and stratified sampling techniques to select 29 members of the Ghana Real Estate Developers Association (GREDA) and 58 homeowners in Accra. We employ binary and multiple linear regression models to analyze the data gathered from the study respondents. Findings revealed that the DLP in Accra ranges from 6 to 24 months for defects to fittings and fixtures as well as to the structure. While private developers are divided on the adequacy of the DLP, homeowners believe that it is inadequate. Private developers suggest a longer DLP for the structure than for fittings and fixtures, whereas homeowners suggested longer DLP for both structure and fittings and fixtures. The implication of the findings is that longer DLP could be a strategy for attracting prospective homeowners. It is recommended, among others, that GREDA develop a manual to standardize the practice of the DLP in Ghana.

Suggested Citation

  • Lewis Abedi Asante & Dennis Papa Odenyi Quansah & Jonathan Ayitey & Elias Danyi Kuusaana, 2017. "The Practice of Defect Liability Period in the Real Estate Industry in Ghana," SAGE Open, , vol. 7(3), pages 21582440177, August.
    • Handle: RePEc:sae:sagope:v:7:y:2017:i:3:p:2158244017727038
    DOI: 10.1177/2158244017727038
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    References listed on IDEAS

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    1. Frank Ametefe & A.Q.Q. Aboagye & E. Sarpong‐Kumankoma, 2010. "Housing and construction finance, deposit mobilisation and bank performance in Ghana," Journal of Property Research, Taylor & Francis Journals, vol. 28(2), pages 151-165, June.
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