Try asking the following...
TERMS OF SETTLEMENT
A:
1. The Plaintiffs shall pursuant to these terms of settlement execute a sub-lease in favour of the Defendant within Thirty (30) days after the execution of these terms of settlement.
2. The sub-lease to be granted shall be for a term of fifteen (15) years certain with effect from 1st May, 2015 to `30thJune, 2030. PROVIDED always that the obligation of the Plaintiffs to continue the sub-lease from 31st October, 2024 shall be contingent and/or subject to the renewal of the Head-lease from the Government of Ghana prior to its expiration on 30th October, 2024.
3. That during the term of the sub lease, the Defendant shall pay rent to the Plaintiffs as follows:
i. In the initial period of five (5) years, the sum of Ghana Cedis equivalent of Thirty-five Thousand United States Dollars (US$35,000.00) per month at the prevailing commercial bank rate which sum the Defendant has already paid to the Plaintiffs pending the completion of negotiations on all aspects of the terms of settlement (receipt of which payment the Plaintiffs hereby acknowledge).
ii. After the initial period of five (5) years, rent for year six (6) to year ten (10) shall be mutually determined by the parties.
iii. Rent for the last five (5) years, being year eleven (11) to year fifteen (15) shall similarly be mutually agreed by the parties.
iv. Rent for the next four (4) years following the exhaustion of the rent paid under 2(i) as well as any additional period within the term of the sub-lease shall be paid by the Defendant annually in advance not later than sixty (60) days of the commencement of each year of the sub-lease.
4. The Defendant shall complete all construction and finishing works on the Property on or before the expiration of the moratorium period of ten months (10) from the date of the execution of the terms of settlement which shall be on or before 1st July, 2014 and the effective date of the sub-lease hereby granted shall be 1st May, 2015 or on the date of completion of constructional works, whichever occurs first.
5. The Defendant shall require prior written consent of the Plaintiffs before he creates a mortgage, encumbrance or charge on the property or assigns the whole of his interest in the property or the whole of his interest in any part thereof. Provided that such consent shall not be unreasonably withheld.
6. The Defendant shall permit the Plaintiffs or their duly authorized agent during the period of construction, with prior written n