Following on from the Tortuga and Dunas Statements, the Llana Statements for the period from the 1st July 2023 to 30th September 2023 have now been distributed.
As the property is owned by a UK Company (sometimes called an LBG - our Glossary at https://www.sua-casa.net/post/glossary) we have sent the Statement to those managing or administering these Companies. The statement provides a detailed breakdown of the rental income, the BRM fees and the balances for the property we manage. The Directors of the LBG (not TRG) are responsible for explaining any costs they have incurred in managing the LBG and the balance that can be paid to you - the Fractional Owners.
Where appropriate arrangements have been put in place, TRG has already paid some money across to the LBG for onward distribution. We are informed that those in this position. should expect to receive income in April (either directly or into their pension schemes depending on their specific situation).
We are working with a further 230 Llana LBG Companies to ensure funds begin to flow to their Fractional Owners very shortly after this.
For many this will be the first time that funds have started to flow to them since before the pandemic. We appreciate your patience and apologise for the delay, but are pleased that finally some of the benefits will start to flow to Owners.