You can talk to an attorney, who will probably give you 20-30 minutes, depending on how cheap (s)he is. Additionally, you might try some general legal advice at the following website.Where can i get free lawyer advice on ';How to Get out of a commercial lease ?';?
Ya DoubtWhere can i get free lawyer advice on ';How to Get out of a commercial lease ?';?
Type ';free lawyer advice'; or something like that in the search box of a website as Yahoo, Google, etc. and you'll get what you want more than you need!
Cheap, cheap , cheap....your wife complains of the same thing Mr. Fang. Sometimes you have to pay for mistakes made. The lawyer has a business to run too. If I told you once, I told you a thousand times, don't get into a contract unless you fully understand the terms, the rights of each party, and the penalty for not fulfilliing your obligations. At least that's what I told Gerry Fang. Are you Gerry? If not, then please disregard this message.
Most lawyers give you a free 20 minute consultation to let you know where you stand in the situation. You have to contact a lawyer with commercial business credentials. There could be a way out by agreeing to pay a penalty for early release. It's according to the landlord. Some can be down right nasty. Read the lease contract very carefully with a fine tooth comb so to speak. It may explain the penalties. If your business isn't doing so well the owners may negotiate with you in order for the eliminate the debts you might incur or they may just let you out of the lease to lease it to someone else that can handle the lease payments. That's up to them. Bottom line is a lawyer is your best defense, because they know the loop holes. If discussions with the landlord don't pan out get the lawyer. Just remember lawyers can get expensive according to how much they dig for those loop holes. The best thing is always have a lawyer of your liking on a retainer fee if you own or leasing a business or commercial building so you don't have to pay so much up front.
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