The iTaukei Land Trust Board (TLTB) has issued a crucial reminder to 14,661 tenants regarding their lease arrears, which collectively amount to $16.7 million. The Board is urging these tenants to clear their outstanding payments promptly to prevent potential legal actions.
Isoa Tuwai, the general manager of Estate Services at TLTB, emphasized the necessity of addressing these arrears swiftly. He highlighted that timely payments are essential to facilitate timely distribution of lease payments to landowners. Tuwai reminded tenants of their obligation to pay lease rental and administration fees in advance, due on January 1 and July 1 each year, as outlined in the lease agreements.
The TLTB is committed to collaborating with tenants to reach agreeable solutions but insists that resolving these arrears is crucial to avoid escalated legal measures. Tenants are also encouraged to seek financial support from commercial banks with which TLTB has established prior arrangements.
Moreover, tenants are urged to be proactive and address their outstanding payments quickly to avoid further complications. Failure to settle these dues by November 30, 2024, may result in the announcement of tenants’ names in print media and the commencement of legal proceedings, which could lead to the cancellation of leases and loss of property.
For assistance or inquiries, tenants can reach out to TLTB at the provided mobile number.
Adding a hopeful perspective, TLTB’s open invitation for tenants to engage in dialogue and seek solutions signals a cooperative approach to resolving these financial issues. This serves as a reminder of the importance of community and responsibility, encouraging tenants to strengthen their financial practices and maintain good relationships with landowners.
In summary, the TLTB’s reminder stresses the importance of settling lease arrears promptly to avoid legal ramifications and ensure timely compensation to landowners, while also offering avenues for support to tenants in need.
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