Instalments and different interest conditions

The settlement distinguishes ordinary interest from consequences of breaching instalments.

The court approved an instalment settlement between Narva linn, Hariduse tn 26 korteriühistu and XX for acknowledged management charges and other payments and terminated proceedings. The settlement includes reimbursement of 32.50 euros of the association’s state fee, equal monthly instalments and a separate final payment. The order gives no detailed objections to the charges. Interest of 0.02% per day on unpaid management charges and other payments applies from 1 November 2023. Breach of the schedule makes the whole obligation immediately payable, with interest of 0.02% per day on the entire obligation from 1 April 2023. These are different conditions; the court did not establish a breach. Other costs remain with each participant. A state-budget refund of 32.50 euros in payment-order fees was refused; this does not cancel the debtor’s agreed reimbursement of that portion. Subsequent performance is not established.

Settlement approved and proceedings terminated. The separate interest conditions remain; the state-fee refund was refused.