Boesch v. Ericsson

JOYCE, J.,

This matter is before the court on defendants’ petition to open confessed judgment. A brief statement of the facts is as follows: Plaintiff/landlord and defendants/tenants entered into a real estate lease agreement on February 25, 1987, whereby defendants were to lease premises from plaintiff for a term of five years. Beginning on March 1, 1987 and ending on February 28, 1992, defendants were to make a total of 60 equal monthly installments of $1,200.

Particular to this lease was an acceleration clause which permitted plaintiff to confess judgment upon the balance of rent remaining…