Complying with Stipulation of Settlement Agreement

April 26, 2012
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Q The owner of the building where I rent space for my business, which has been declining, sued me for nonpayment of base rent and additional rent. We signed a “stipulation of settlement” in which I agreed that if I didn't pay my overdue rent in six installments, the owner could evict me. The stipulation mentioned that “time was of the essence” as to my obligations under the stipulation.

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