How can I legally get out of a contract for a unit that I’m renting because our electric bill has tripled since installing it?

We are a car dealership and had signed a contract to rent a trailer unit. The contract was signed 6 months ago and was for 2 years. However, our electric bill has tripled since installing the unit and the company has been extremely unhelpful with providing us any solution to our issue. How can we end

the contract under the terms that the company is unwilling to assist us?

Asked on April 20, 2017 under Business Law, Connecticut

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 3 years ago | Contributor

You can *only* get out of a contract if you can show:
1) They committed fraud to get you to sign the contract: that is, they lied about something material, or important, upon which lie you reasonably relied (you had no reasonable basis to know it was a lie)  in signing the contract. If this was the case, it would have been fraud, and fraud allows you to get out of a contract.
2) They are violating or breaching some material, or important, obligation of theirs under the contract (it *must* be a violation of some term or condition in the contract): a material breach allows you to treat the contract as terminated by the breach.
Other than the above, you will be held to the contract, even if it is now having negative financial effects on you.


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