The iTaukei Land Trust Board (TLTB) has issued a crucial reminder to 14,661 tenants regarding their overdue lease payments, which collectively amount to $16.7 million. The Board is encouraging tenants to resolve these outstanding payments promptly to prevent possible legal actions.
Isoa Tuwai, the TLTB’s general manager of Estate Services, highlighted the importance of timely payments to ensure that landowners receive their lease revenues without delays. Tuwai stated, “We are committed to working with our tenants to find solutions, but it is crucial that arrears are cleared to avoid further legal actions.” He urged tenants to fulfil their obligation by paying lease rentals and administrative fees in advance on January 1 and July 1 each year, as mandated by the lease agreements.
To ease the financial burden, TLTB is open to discussions for part payments under certain conditions. Additionally, tenants are encouraged to seek assistance from commercial banks, as TLTB has made prior arrangements to facilitate this. All inquiries can be directed to the provided mobile number, 990 8959.
The Board is emphasizing the impact of these arrears on landowners, stating that they are losing out on essential revenue for their sustenance while tenants occupy their land. If the outstanding payments are not settled by November 30, 2024, TLTB warns that it will be compelled to publish the names of delinquent tenants in the media, and legal proceedings could begin, potentially resulting in the cancellation of leases and loss of properties.
This reminder serves as an opportunity for tenants to take proactive steps in managing their lease agreements and financial responsibilities. Settling these debts not only benefits them but also supports the livelihood of landowners, fostering a stronger community and mutual respect.
As a hopeful note, this situation presents an avenue for collaboration between the tenants and TLTB. With open dialogue and financial planning, tenants can resolve their issues and maintain their lease agreements, ensuring stability for themselves and landowners alike.
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