QUOTE(Accord2018 @ Feb 17 2022, 03:49 PM)
Nola, the judge can let your tenant to choose to pay a lump sum or by installment one. If after that he no pay you, then you apply send him to prison for up to 6 weeks. You see he faster sells everything to pay you or not.
QUOTE(Mr Mercedes @ Feb 17 2022, 03:59 PM)
The judge decides on what is pleaded in the Landlord's claim, which generally would be the full lump sum payment. It is not a choice on the part of the Tenant.
Debt incurred by the Landlord is immediately payable upon service of judgement on the Tenant.
Payment in installments would only be relevant if parties enter a consent judgement/execute a settlement agreement agreeing to a installment payment manner, where the quantum and date would be spelt out clearly.
Normally, tenants wont appear for court cases unless he has a 50/50 of winning.Debt incurred by the Landlord is immediately payable upon service of judgement on the Tenant.
Payment in installments would only be relevant if parties enter a consent judgement/execute a settlement agreement agreeing to a installment payment manner, where the quantum and date would be spelt out clearly.
Even if can pay, he will wait for enforcement of judgement...similar to last minute withdrawal of auction cases.
This post has been edited by mini orchard: Feb 17 2022, 04:08 PM
Feb 17 2022, 04:08 PM

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