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Are you a developer considering Fiji for your next project? Here’s a little known fact that you may want

Consider leasing a site that has actually been surveyed.

There exits many native land sites where late stage negotiations or investor financial difficulties have put exceptional Native Land properties back on the open market. The turnover from inquiry to closing is often less than 3 months in these instances and you have motivated landowning units who are willing to come to the table quickly to negotiate.

to consider. Fiji has approximately 8% freehold land, but less than 1% is currently “at play”, meaning that it’s undeveloped, virgin land. So what does this really mean? It means that what freehold land that remains for development is unlikely to be in a prime location, and is very likely to be overpriced and over valued. This also means that fantastic opportunity exists on the other end of the spectrum. If you are looking for pure Fiji value, beautiful locations, spectacular landscapes and pristine properties then Native Land makes great sense. Commercial, industrial, residential and tourism opportunities are all available with Native Land lease properties that present exceptional opportunities to the end user.

Obviously the final consideration with Native Land is and always will be the nature of acquiring a lease versus acquiring permanent title. While there exists certain levels of comfort that freehold title possess, the fact remains that an ability to translate clear understanding of the Native Land lease structure and to clearly communicate it to your investors/lessee will result in much high levels of lessee satisfaction and interest.

First Of All, Focus On The Benefits.

What are the major benefits of any development? ...”Location” and “Value”, of course. Native Land currently offers far more spectacular locations at a fraction of the cost of the existing freehold options in Fiji.

The Native Land Blueprint

1) Prospective Lessee Wishes To Source A Desirable Property

  • Contacts NLTB for pre-surveyed properties and/or land requirement.
  • Developer looks for own property based on location and site viewing.

2) Developer Confirms NLTB Of Specific Intent.

3) Landowning Units Are Contacted To Gauge Interest In Leasing The Property.

4) Following An Indication Of A Positive Interest Of Landowning Unit, A Site Survey Is Initiated.

5) Landowning Units Are Required To Approve A Lease Agreement By An Amount Of 51% Of All People Over 21 Years Of Age.

6) NLTB Handles Internal Processing Of The Prospective Lease Agreement.

7) Formal Negotiations Are Finalized.

8) Formal Lease Processing By NLTB Is Initiated And Completed.

9) Enjoy Your New 99 Year Lease

Secondly, Turn The Negatives Into Positives.

Only 99 years? Hey, that’s 5 generations before this even becomes  an issue! Local landowners that are stirring the pot? Well remember  that virtually every freehold land in Fiji is also accessed at some point  by a native land roadway... so freehold land has the very same potential for a minor dispute. The moral of the story is “Just do right  by your neighbours, and they will do right by you”.

Thirdly, Offer Valid Ways To Get Around The Final Obstacles.

Ok, so the 99th year is approaching and your company or family wants to renew. What do you do? 2 things:

  1. Maintain positive relations with the land owning unit...
    Nothing in Fiji beats treating locals in Fiji with the utmost of respect and following protocols.

  2. Add high levels of capital improvement in the final approaching years...
    Why do this? Well NLTB and the land owning unit are responsible to pay the lessee for any remaining non-depreciated improvements. That should prove to be quite a difficult task for the concerned parties and provide great leverage in obtaining a favorable renegotiated lease.

Finally, Go Back To The Benefits Again.

For Individuals

You are offering them a world class Fiji location at an absolute fraction of the cost and it will likely survive their family’s next 2 to 3 generations. The motto to these investors should be “Live your life, provide a treasured gift for your children and enjoy paradise today!”

For Corporations

Emphasize that any investment that has not generated an excellent return in 99 years is not worth doing in the first place. Also have them consider the likelihood that their company will maintain ownership for that entire 99 year tenure. Again, it all boils down to value, great locations with even greater prices. Native Land works!

 
   
 
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