The chief executive officer of the iTaukei Land Trust Board (TLTB), Solomone Nata, addressed the issue of rent for the 701 acres of land during a consultation regarding the 999-year Toko land lease in Tavua. He highlighted that the current rent being paid by tenants is significantly lower than the prevailing market rates, raising concerns about equity.
Nata proposed a shift from the existing 999-year leases to new 99-year leases, aiming to improve security of tenure for tenants. He indicated that TLTB would take on the responsibility of conducting land surveys, which can be costly, to demarcate boundaries and facilitate the new leasing process. This initiative is designed to benefit all types of land use, including residential, commercial, and agricultural leases, the latter being offered for a duration of 50 years.
The CEO emphasized that the new leasing arrangements will include a premium, which would be mutually agreed upon with the incoming occupants. Discussions have already taken place with the Acting Prime Minister, Professor Biman Prasad, to ensure that the government would assist in the transition process, aiming for a fair and equitable solution for both tenants and landowners.
Nata reassured the audience that these steps are part of a broader effort to resolve long-standing issues related to the Toko land leases. The initiative seeks to provide secure titles for tenants, ultimately fostering stability in land tenure and improving the overall equity of land rental arrangements.
This proactive approach could lead to a more sustainable and efficient land management system, contributing positively to local communities and stakeholders involved in land use. The proposed changes show a commitment to addressing ongoing issues while ensuring fairness throughout lease agreements.
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