Question
Can i get out of my lease?
I'm located in Florida and today I signed a lease for a commercial property. After signing the lease I discovered that the installation of the equipment I need for the business will cost more than I have. Unfortunately I didn't get this information until after I signed the lease. My landlord will not back out of the lease and will not give me my deposit back. I still have time to stop payment on the check. What are my options? Is there some sort of time frame that a person has to back out of a signed lease?
3 months ago - 1 answers
Best Answer
Chosen by Asker
Your lease was legally and permanently binding from the moment both parties signed the lease. There is no 'right of rescission' on a real estate contract. Your landlord is correct in his legal stance. If you stop payment on your check, you are asking for MORE trouble. You are wilfully breaching a valid contract, and are exposing yourself to court action. The landlord will WIN the court action.
by acermill
3 months ago
Asker's Rating: 