The iTaukei Land Trust Board (TLTB) has emphasized the importance of timely rent payments for tenants in arrears, asserting that landowners deserve to receive the revenue they are entitled to. In a recent statement, TLTB announced a 30-day grace period for tenants to clear their outstanding payments, which will conclude on November 30th.
The board had previously issued notices and reminders regarding these arrears, stressing the importance of compliance as a means of maintaining the integrity of their lease agreements. To further support tenants, TLTB has engaged with local commercial banks to explore financial assistance options that might aid those struggling to meet their obligations.
TLTB has highlighted the necessity of tenant cooperation to ensure timely disbursement of lease payments to landowners, who rely on this income for their livelihoods. After the November 30th deadline, the board has warned that it may take enforcement actions, which could include repossessing the land from tenants who have not paid their dues.
For those facing challenges, this grace period is an opportunity to resolve their financial obligations and maintain their leases. It is a reminder of the collaborative efforts necessary between tenants and landowners to sustain livelihoods within the community.
This situation underscores the importance of open communication and support within the community, and highlights the potential for financial institutions to play a role in providing necessary assistance. Thus, with proactive measures, both tenants and landowners can work together to navigate these financial challenges.
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