The iTaukei Land Trust Board (TLTB) has issued an urgent final notice to 14,661 tenants who have accrued lease arrears, amounting to a substantial $16.7 million. The Board is stressing the importance of settling these outstanding payments promptly to prevent potential legal repercussions.
Isoa Tuwai, the TLTB general manager for Estate Services, highlighted the necessity of timely payments, noting that delayed payments adversely affect lease distributions to landowners. He emphasized that the Board is devoted to collaborating with tenants to find solutions, but the clearance of arrears is crucial to avoid the initiation of legal action.
Mr. Tuwai reminded tenants of their duty to pay lease rentals and administration fees, which should be made on the first of January and July each year, as mandated by lease agreements. This proactive approach helps to evade litigation and ensures that landowners receive their lease payments in a timely manner.
Tenants are encouraged to visit TLTB offices to consult with the arrears recovery team, with partial payments being accepted under specific conditions. Additionally, the Board has facilitated options for tenants to seek financial assistance from local banks.
He strongly urged all tenants to clear their outstanding payments to prevent further issues.
The notice also reminded tenants of the critical nature of lease revenues for landowners’ livelihoods, stating that failure to resolve arrears by November 30, 2024, could lead to their names being published in media announcements. This could lead to legal proceedings, including the potential cancellation of leases and loss of property.
In summary, the TLTB is actively working to support tenants while highlighting the responsibilities of leaseholders to maintain good standing with their payments. Addressing these arrears not only ensures compliance but also fosters positive relationships between tenants and landowners, promoting mutual benefit and stability in the community. It serves as a reminder that with timely action, both parties can thrive and avoid unnecessary disputes.
Leave a comment