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Friday, January 11, 1974
POLICY ON TENANCY AGREEMENTS EXPLAINED
Commenting on a newspaper report today that shop-tenants of
North Point Estate have expressed dissatisfaction over the new tenancy
agreement the Housing Authority has asked them to sign, Mr. Frank Carroll:
Deputy Director of the Housing Department, said that the tenants appeared
to have either misunderstood the intentions of the Authority or its policy.
Mr. Carroll said: "It has always been the policy of the Housing
Authority to have tenancy agreements for shops in all 'Group A' estates
renewed once every three yours on the piry of the agreements,
"In the case of the shop tenants of North Point Estate, their
existing agreement is due to expire on March 31, 1974, and therefore wo
informed them on December 31, 1973 that they would have to renew these tenancy
agreements with a reasonable rent adjustments,"
Mr. Carroll stressed that they were only asked to renew their tenancy
agreement and were not asked to sign a different tenancy agreement and there
were no changes to its terms except the rent adjustments which were assessed
and considered reasonable by the Commissioner for Rating and Valuation.
The new rent of about $2 per square foot or less is about 60 to 80
per cent higher than the existing rate, which is very much below the prevailing
market rent in that area.
"Tenants had been allowed to transfer their tenaney to members of
their family in appropriate cases in the past and this will continue to be
the case when they have taken up their new tenancy," Mr. Carroll said,
They will
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