How a Commercial Real Estate Business Hired a Lawyer to Review a Cancellation Of Lease in Alabama
See real project results from ContractsCounsel's legal marketplace — this project was posted by a Commercial Real Estate business in Alabama seeking help to review a Cancellation Of Lease. The client received 1 lawyer proposal with a price of $499 flat fee.
Review
Cancellation Of Lease
Alabama
Business
Commercial Real Estate
Less than a week
$499 (Flat fee)
1 bid
8 pages
How much does it cost to Review a Cancellation Of Lease in Alabama?
For this project, the client received 1 proposal from lawyers to review a Cancellation Of Lease in Alabama, with flat fee bids ranging from price of $499 on a flat fee. Pricing may vary based on the complexity of the legal terms, the type of service requested, and the required turnaround time.Project Description
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Cancellation Of Lease
California
Can I cancel my lease agreement due to unforeseen circumstances?
I recently signed a lease agreement for an apartment, but due to the COVID-19 pandemic, I have lost my job and am now facing financial difficulties. I am struggling to pay rent and I am wondering if I have any legal grounds to cancel the lease agreement due to these unforeseen circumstances. I would like to know what options are available to me and if there are any potential consequences or penalties for breaking the lease.
Dolan W.
Hello! My name is Dolan and I'm so sorry you're dealing with this. So the downside here is that you're still bound to the lease. You're bound from the moment that you agree to rent the premises. This means that unless the landlord lets you out of it, you can't get out of it. There is a silver lining: 1. You could see if you can find a subtenant to rent it from you; 2. You can try to find someone to take over the lease agreement for you with the landlord's consent; 3. You could offer a settlement to the landlord, such as 1.5x the regular rent. 4. If you can't do either of those, then there is still some hope. Under the law, when a tenant breaks their lease there is an initial obligation or debt that is owed by the tenant to the landlord for any unpaid rent for the remainder of the lease. However, before the owner may make a claim for such damages, s/he has a duty to mitigate (lessen) damages by making a good faith effort to re-rent the unit as soon as possible to try to cover any potential loss resulting from the lease-breaking. In other words, before a landlord can recover in court for the remainder of the lease, the landlord must make all reasonable efforts to find a new tenant to replace the old one. Best of luck to you!
Cancellation Of Lease
California
Can I cancel my lease early without penalties due to unforeseen circumstances?
I am currently leasing a commercial space for my small business, but due to the ongoing COVID-19 pandemic and resulting economic downturn, my business has suffered significant financial losses and is on the brink of closure. I am struggling to keep up with the rent payments and have explored various options to reduce expenses, including downsizing or relocating to a more affordable space. However, the lease agreement I signed includes a clause that imposes substantial penalties for early termination. I am seeking legal advice on whether there are any grounds or legal provisions that would allow me to cancel the lease early without incurring these penalties, considering the unforeseen circumstances and financial hardship I am facing.
Dolan W.
Hello! I'm so sorry that this has happened to you. So the downside here is that you're still bound to the lease, even despite these headaches. You're bound from the moment that you agree to rent the premises. This means that unless the landlord lets you out of it, you can't get out of it. There is a silver lining: 1. You could see if you can find a subtenant to rent it from you; 2. You can try to find someone to take over the lease agreement for you with the landlord's consent; 3. You could offer a settlement to the landlord, such as 1.5x the regular rent. 4. If you can't do either of those, then there is still some hope. Under the law, when a tenant breaks their lease there is an initial obligation or debt that the tenant owes to the landlord for any unpaid rent for the remainder of the lease. However, before the owner may claim such damages, s/he must mitigate (lessen) damages by making a good faith effort to re-rent the unit as soon as possible to try to cover any potential loss resulting from the lease-breaking. In other words, before a landlord can recover in court for the remainder of the lease (even for commercial leases), the landlord must make all reasonable efforts to find a new tenant to replace the old one. Best of luck! Dolan