A war between wealthy tenants and their building's new owners ended in a truce yesterday. Nine residents of Waterloo Mansions, Mongkok, reached a financial settlement with the Lucky Hing Shing Estate Company. The tenants had taken the company to court, accusing it of making their lives a misery with extensive building work. They accepted a payout offer and agreed to move out. Both sides declined to reveal the exact size of the payout. The company also halted defamation suits levelled against several of the residents. Barrister Nigel Kat, representing the residents, told Mr Justice James Findlay in the High Court: 'This is as near as we can get to a full and final resolution to these proceedings.' After the new owners took over the block at 81 Waterloo Road in December, they warned residents their building was about to be 'refurbished'. The building was covered in scaffolding. Loose tiles filled the hallways and one of the two lifts was shut down. Residents complained that they were awakened by the sound of early morning drilling and their services were often stopped without warning. Lucky Hing Shing was also said to have demanded a new $3,500 management fee, with an extra $500 for those using the car park. Most of the building's residents accepted compensation payments and moved out, but nine tenants took the company to court. On January 31, Mr Justice Anthony Rogers granted an injunction ordering the building's management office - City Rich Realty Limited - to restore halted lift, rubbish disposal and other services. The owners were also told to prevent construction from blocking entry ways and generating early morning noise. The tenants went back to court last month claiming the injunction had been ignored. Tenants at Waterloo Mansions pay between $32,000 and $45,000 a month for their 1,900-square-foot flats.