J U D G M E N T
Introduction
The genesis of this suit is a Sub-Lease Agreement that was executed between the parties to this suit in 2015. It appeared that the parties were having a smooth transaction until issues came up with respect to the payment of the second tranche of the consideration by the defendant. The issues with the payment of the said consideration eventually led to the institution of this present action.
Plaintiff’s case
It is the plaintiff’s case that the parties entered into a Sub-Lease Agreement under which the plaintiff subleased to the defendant its three (3) bedroom single-storey house situate at East Legon, Accra (valued at US$426,242.00 as at January 2015) for a term of twenty five (25) years renewable for a further term of ten (10) years. The consideration for the first ten (10) years of the term was Sixty Six Thousand United States Dollars (US$66,000.00) or its cedi equivalent per annum bringing the total for the first ten years to Six Hundred and…