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   can.legal      Debating Canuck legal system quirks      10,932 messages   

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   Message 9,551 of 10,932   
   Mike to shawnews   
   Re: How to break a business lease? Offer   
   14 Jul 10 14:42:01   
   
   From: none@none.invalid   
      
   "shawnews"  wrote in message   
   news:Tjd%n.24579$Zi.15974@newsfe14.iad...   
   > 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   
   File bankruptcy, the trustees will deal with the landlord. Not paying the   
   staff is bad! But at the end you are a poor business man, rented in a bad   
   location, rented an expensive store, in effect didn't do your homework.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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