Luxury Condo Tenant Ordered to Pay $340K in Back Rent
The judgment follows a failure to meet settlement terms on a $100,000-per-month rental unit in New York City.
Updated on Oct. 28, 2026 in Apartments
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A New York state court has issued a default judgment against Floyd Mayweather for nearly $340,000 in unpaid rent and fees. The order follows a failed settlement agreement for his $100,000-a-month rental at the Baccarat Hotel and Residences.
Why it matters
The ruling underscores the significant legal and financial consequences for tenants who default on high-end luxury lease agreements. It serves as a reminder of the contractual obligations that persist in residential leasing even after a tenant vacates a unit.
The court ordered payment of $340,000 for rent, interest, and legal fees after the tenant stopped paying mid-2025. The condo unit, located at 20 West 53rd Street, was sold by its owners for $20 million last week.
The players
Floyd Mayweather
The professional athlete and tenant who failed to fulfill lease obligations for the luxury condo.
Baccarat Hotel and Residences
The luxury hospitality and residential property in New York where the disputed condo unit is located.
The details
A judge issued the default judgment after the tenant failed to respond to the property owners' lawsuit. The dispute originated when the tenant stopped paying the $100,000 monthly rent, leading to a missed settlement deadline. The property owners pursued the claim through an LLC to recover back rent and related damages.
Timeline
December 2024: The tenant began renting the condo unit.
Mid-2025: The tenant stopped making monthly rent payments.
December 2, 2025: Deadline for the tenant to repay debts per the settlement agreement.
October 2026: The condo owners sold the property for $20 million.
The Home Front
This case highlights the strict legal framework governing high-end residential leasing in the New York luxury market. It demonstrates how property owners leverage default judgments to recover significant arrears when private settlement agreements fail.
Renters should always maintain written documentation of any settlement agreements and ensure payments are delivered before stated deadlines. If a dispute arises, consult with a licensed attorney to understand how a failure to respond to a court complaint can result in a default judgment.
The takeaway
When navigating residential lease disputes, failing to respond to formal legal complaints effectively forfeits the ability to contest the claims in court. Always track your payment history and keep correspondence regarding rent adjustments or settlements in a secure file for your records.
Further reading
Learn more about the legal landscape for renters in New York City Apartments.
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