The Australian Financial Review has reported that Hyundai palisades lease is due to expire on September 30.
While it’s not uncommon for palisaders to lease out their homes, it’s an uncommon method of financing.
What makes it even more uncommon is that the Palisade Development Authority, which manages the land, is facing a $30 million debt restructuring, according to ABC news.
The Palisades Development Authority has recently been under pressure to do more to support the community.
According to the Palisfield Development Authority’s website, the project is expected to be completed in 2021, but the Palaisades Development Act of 2016 states that the project must be finished by 2021.
The Authority is currently negotiating a new lease for its property.
“Our lease expires in September and the next step will be to assess our options,” the Authority said in a statement to ABC News.
“The lease currently expires in October 2020.
Our lease will expire on Sept 30 and we are looking at the options available to us to continue the development of the Palideside.” “
We expect that we will be able to do this in a timely manner.
Our lease will expire on Sept 30 and we are looking at the options available to us to continue the development of the Palideside.”
A spokesman for the Authority told the ABC that the Authority was working with Hyundai Palisaders lease provider The Palisfounders to ensure that they were prepared for any financial stress the lease would experience.
“It is important to stress that there is no guarantee that the new lease will be honoured,” the spokesman said.
In terms of the lease, we are currently working with The Palisdounders lease provider to ensure the new deal is properly executed.”