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|    can.legal    |    Debating Canuck legal system quirks    |    10,932 messages    |
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|    shawnews to All    |
|    Help: How to break a business lease? Off    |
|    14 Jul 10 00:04:16    |
      From: moocow@shaw.ca              Hi all,       I have a question regarding breaking a business lease.       My business hasn't been good at my consignment store, due to the economy and       maybe bad location. I'm not getting enough sales or making enough to even       pay for the part time staff for the last 3-4 months. I want to close down       and break the lease. If I close, I will have nearly three years still left       on my 5-year lease. The rent is roughly $4,500 per month, which I have       always been paying on time - for the remainder of the lease? How can I get       out of my lease without running afoul of the law? What minimum penalty is       standard for commercial business when breaking a lease? I put in over $30K       in improvement to the property.       I should also note that I don't really have a proper lease signed with the       Landlord. When I rented this location, we only signed an "Offer To Lease"       document. Recently the landlord sensed that I might break the lease and he       asked me to sign an actual lease. I have been trying to avoid doing that.       So my question is, do I really have a proper lease with the landlord. Can       he use the Offer To Lease document to enforce the lease on me? Any advice       would be greatly appreaciated.       Thank you very much, Joe              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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