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600K ground rent

Nasik Swami
Saturday, August 11, 2012

Following discount incentives, the Housing Authority of Fiji managed to collect $600,000 for ground rent from May till July this month.

Authority chief executive officer, Alipate Naiorosui said, since April lending executives had contacted lease holders as well as written to customers advising them on the due dates for ground rent payment as well as the discount for each month.

"In May, an 8 per cent discount was introduced to encourage homeowners to pay their ground rent accounts.

"The discount incentive was subsequently reduced to 6 per cent for June and eventually 4 per cent for those customers that paid during the month of July," Mr Naiorosui said.

He said according to the ground rent performance report, approximately 700 customers took advantage of the discount incentive in May of which 42 per cent were from the Western Division.

"In total, 49 per cent of the 3800 homeowners who paid their ground rent accounts were from the Western Division," Mr Naiorosui said.

He said the ground rent discount was re-introduced this year because of the impact of the floods in the first quarter of 2012 and was anticipated to benefit 13,000 Housing Authority lease holders.

"Considering that 13,000 were provided this discount incentive and only 3800 lease holders paid their ground rent accounts, Housing Authority will be aggressively targeting those customers, accounts who remain in arrears without any arrangements," Mr Naiorosui added.

Meanwhile, the authority will also continue to institute legal action through the Small Claims Tribunal or a last option of cancelling the lease by re-entry.





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