Q) I have a judgement against a former tenant for about $5,000. The judgement was obtained over five years ago. I know the tenant has nothing, but I was wondering if the judgement is still valid. I have not taken any steps to collect on this judgement.
A) A judgement is valid for 10 years and can be renewed for another 10-year period. The fact your tenant has no assets, five years ago, does not mean that the same is true today. We have found that collecting on old has a very healthy success rate. The tenant usually has forgotten about the judgement and makes no effort to hide bank accounts or places of employment.
(take from Apartment Owners Association - January 2009)
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