Nonpayment Definition

Nonpayment Sentence Examples

• The first is that difficulty arises in the event of nonpayment.

• In the case of a mortgage, the house could enter foreclosure for nonpayment of the tax.

• In some cases, rather than gain control over the property, the investor may be buying the lien to earn the interest that is accrued by the nonpayment of the tax.

• The result of nonpayment could mean jail time.

• A lease under the Settled Land Act 1882 must be by deed and must be made to take effect in possession not later than 12 months after its date; the best rent that can reasonably be obtained must be reserved and the lease must contain a covenant by the lessee for payment of the rent, and a condition of re-entry on nonpayment within a specified time not exceeding 30 days.