WITH reference to the report, "Pikoli blows lid on Bay's squandered millions" (August 26), I would like to record the facts surrounding the lease of office space by B&E Properties to Laph'umlanga and That's It Advertising from June 2010 to June 2011.
Laph'umlanga leased four offices from B&E Properties in June 2010 at a monthly rental cost of R10330, and a total cost to it of R149291 for the 13 months. When it was finally evicted in June 2011 for non-payment of rental, telephone and photocopy costs, it still owed B&E Properties R21967, which is still outstanding.
That's It Advertising leased an adjacent office at our premises from June 2010 to August 2011, at a total cost of R43953 for the 15-month period. It too left with money outstanding for rental and services of R22531.
These arrears were only tolerated because of numerous assurances by municipal officials that they would guarantee the payment of the outstanding rentals.
B&E Properties were never more than arm's length landlords to these two tenants and was in no way involved with their daily operations.
Bryan Knox, B&E Properties, Port Elizabeth