Q&A: How do you get out of a signed business contract?
Question by answers4questions: How do you get out of a signed business contract?
I signed a contract to rent space to practice MT. The owner didn’t want anything to do with it- so I had to start my own business. Which comes with WAY more licenses,etc. then i thought. Right now she’s getting the furnace fixed because it lied to me when she said it worked- therefore now that i’m starting to get calls from people – i can’t work! It’s loosing me money- BUT i’m still having to pay her rent for the month. It’s taken 5 days now- for her to call to get it fixed. There is no part to the signed contract naming what i need to do or pay to get out of the contract. It was just a contract she made- which didn’t list much to do with that.
Basically i need to know opinions on what should be fair to get out of the lease /signed contract. And opinions on when do you know you should get out of the contract. I know it takes time for businesses to happen- but it’s just so complicated esp.ly when she’s lied to me about this. What else well i find she’s lied about too?! ya know! tks
I have only rented from her -this will be the third month- as it’s a brand new business- therefore the first few calls i’m getting to get started as a business- are being turned down because i can’t work because of this.
Therefore we turned the furnace on about a month ago and i made suggestions to her about it not heating up- but yeah it’s taken her this long just to get in touch with someone to fix it. And it’s taken him a week- hopefully he’ll be done today. But she’s said he’ll be done tomorrow- about 3 days ago!
Best answer:
Answer by redcherri817
My advice is to take the contract you signed to an attorney. They can look over the contract and help you find any loopholes in which you can legally terminate your contract with little consequence.
And they may be able to help you out if the whole furnace fiasco is in breach of contract, or damaging you and your business, and maybe help you sue the owner.
Either way, good luck!
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