Steve and I just met with Belinda and our soon to be new Property manager Sanjay Thakrar. Belinda leaves on maternity leave in 2 weeks and we'd like to wish Belinda all the best and thank her for her hard work. Handover of work from Belinda to Sanjay has already started, and we look forward to working with Sanjay in the coming months.
It sounds like there has been some confusion regarding the potential lease extensions. Belinda/Sanjay plan to write to you all to better explain the situation. Neither Pemberton's nor CMRA will make any money from this activity. As CMRA is the landlord of the development we can choose to grant ourselves an extension and the only cost is the related legal fees. Mortgages can be harder to get as the remaining lease duration decreased and extension would remove this difficulty.
Laura
Wednesday 25 August 2010
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