Delay in finalizing lease contracts and TOR for Corporate and Business Centers
National Housing Authority · 2024
Severity: ModerateRecommendation: Unknown
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What Happened?
Category: OperationsIssue: DeficiencyThe agreements needed to transfer ownership of certain buildings are not being finalized, so the buildings are not recorded properly.
Why It Matters
Recommended Actions
- Expedite the finalization of the Contract of Lease and Terms of Reference with the developer to establish the legal basis for the turnover and recognition of the NHA Corporate and Business Centers
Original Audit Finding Excerpt
"Expedite the finalization of the Contract of Lease and Terms of Reference with the developer to establish the legal basis for the turnover and recognition of the NHA Corporate and Business Centers,"