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 11 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


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.