Fair Value Assessment of Private Hostels and Residential Conflicts on Navrongo Campus, University for Development Studies, Ghana

Abstract

This research examined the fair value of hostels in Navrongo. The problem investigated and addressed is increasing conflict prevalent among hostel owners and their student tenants in the Navrongo Campus of UDS. The research design applied was the Mixed Method under the multiple methods choices. A sample of sixty respondents made up of forty hostel owners7, sixteen students and four management staff were involved in the study. The findings were that Hostels within the University environs were over priced due primarily to information asymmetry. When landlords fail to deliver on their promises of better facilities, some of the students feel cheated and react assertively. The Thomas-Kilmann Conflict Mode Instrument (TKI) revealed that at the point of conflict the parties are at a high assertiveness. By breaking the information asymmetry, students had the opportunity to make informed choices. It is recommended among other that the Students’ Representative Council (SRC) should continuously update the hostel profiles and publish it in the internet for easy access by fresh students.

Key words: Fair value, Private Hostels, Duty of Care, Conflict, and Conflict Management