we are leaseing a building in a strip mall/an the sales do not cover the cost of the lease/an other expensesow do we get out of the lease
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we are leaseing a building in a strip mall/an the sales do not cover the cost of the lease/an other expensesow do we get out of the lease
Asked on June 12, 2009 under Business Law, New Jersey
Answers:
J.V., Member, New Jersey Bar / FreeAdvice Contributing Attorney
Answered 14 years ago | Contributor
a lease is a binding contract. to get out of it is not a very easy thing to do. you need to read the terms of the lease to see what it says about this type of situation. Once you do that if it gives you an out than you will have no further issue. if not i advise consulting a local attorney. they can help you review the wording, see if there are any loop holes available and help you move forward.
Also i would suggest trying to talk to the landlord, if they understand they may be willing to work with you to lower rent or give you a month leeway or something. it is worth trying that before anything else, if it wont work than i would suggest getting an attorney. good luck
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