V. Gerassimovi tn 16: a year of instalments by settlement

Under its terms, breach of the schedule permits the association to treat the agreement as invalid.

Narva linn, V. Gerassimovi tn 16 korteriühistu and debtor XX submitted a written settlement after service of a payment proposal in expedited payment-order proceedings. The case was transferred from Pärnu Maakohus to Viru Maakohus for approval. The court examined permissibility and enforceability, approved the settlement before non-contentious proceedings began and discontinued the case. The debtor acknowledged management and utility arrears payable over twelve months. The agreement does not release the debtor from current monthly payments. On improper performance, including full or partial non-payment of at least one scheduled instalment, the association may unilaterally treat the agreement as invalid. The order approves that condition but does not establish its actual use or performance of the schedule. Each party bears its own costs without reimbursement.

A twelve-month settlement schedule was approved and the case discontinued. Current payments remain due.