Outstanding iTaukei land rental arrears stands at $18.3M

iTaukei land rental arrears outstanding at 1st January 2018 stands at $18.3 million and more than 20,000 tenants need to pay this up as they are due.

TLTB General Manager Tevita Kuruvakadua says the board has now decided to waive the payment of all interest on land rent and fees if tenants decide to take advantage of the January‑June grace period.

Kuruvakadua says the grace period would run from now until June 30th this year.

He says this is an initiative by the Board for all its tenants to recover the arrears that had been accumulated over the years and provide all landowners what they are entitled to receive from the use of their land.

Kuruvakadua says tenants must pay their arrears now to avoid court action and possible eviction from their lease which is an unpleasant thing that the Board wants to avoid.

He says all TLTB tenants are reminded to ensure timely payment of their rent by 1st January and 1st July every year.