Posts Tagged ‘Break Lease’
I leased a credit card machine for a business but now that the business is closed, I no longer use it. I’ve asked the company if I could get out of my lease but they won’t let me break it unless I pay the remaining months plus a fee. Am I getting screwed or is this normal? There is nothing wrong w/ the machine, it’s just not being used any longer.
Company signed contract with copier company for 60 months. Copier company is bought out by new company and customer service has decreased to the point where the copier problems are recurring weekly (same problem). Contract just states length of term and that the company is obligated to pay for the full term of lease even if the machine is broken, non-working and etc.. There is no early termination clause. Is the lease contract still binding even though the company we originally signed the contract with has been bought out by another company
I know an owner who is in financial difficulty. His business model has changed to wine and beer, however he has a large amount of kitchen equipment which is not being used. Any suggestions would be appreciated.