BIDC tenants paying up
Threats by the Barbados Investment & Development Corporation (BIDC) to either evict delinquent tenants or take them to court over unpaid rent have been bearing fruit.
Word of this from the Minister in charge of the BIDC Donville Inniss, who revealed that renters had been meeting their obligations since the BIDC issued the warning.
“The BIDC has reported to me that there have been an improvement in collection since then, and you haven’t seen BIDC lock anybody out. Sometimes people just need a strong reminder of what their obligations are in order to get some monies coming in,” Inniss said.
BIDC Chief Executive Officer Sonja Trotman served notice in April that effective May 1, the corporation would take “urgent action” against delinquent tenants – including eviction and legal action – to recover over $11 million owed in rent.
The Minister said the situation was unsustainable and something had to be done to correct it.
“When I took up this portfolio the BIDC was owed in excess of 11 million dollars in rent. Now show me which private enterprise in Barbados could sustain that on their books? They would be deemed to be insolvent. They would not be able to function,” the outspoken Minister explained.