Squeezing tenants slim with monthly payments, for instance (11)

I believe the answer is:

instalments

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'monthly payments for instance' is the definition.
I can't tell whether this definition defines the answer.

'squeezing tenants slim' is the wordplay.
'tenants slim' anagrams to 'INSTALMENTS'.
However, I am not sure how this is indicated.

'with' acts as a link.

Can you help me to learn more?

(Another definition for instalments that I've seen is " Hire purchase payments".)

I've seen this clue in The Hindu.

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