Mar
14
If I lease a shop and say after 1 month the business isn’t been successful and I decided to stop trading?
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5 Comments
March 16th, 2010 at 9:07 am
you have to pay the leas or cancel your contract
March 18th, 2010 at 6:25 am
Of course. It is a legal & binding contract. If this is a concern, ensure the lease states you have the right to sublet.
March 19th, 2010 at 9:05 am
Yes, you would still have to continue to pay, unless somehow you worked out a deal with the landlord
March 21st, 2010 at 7:38 am
Yes you must pay every month until the lease ends so maybe it would be wise to ask the person you are leasing it off if you can get a trial period say a month and just pay that months rent, this could also be risky as your business could boom in the first month, and then deteriorate. You could also try doing some research around the general area if that kind of business will make a impact and make you any profit. The best bet would then be to get a lease which isn’t over many years and just possibly one.
March 23rd, 2010 at 9:25 pm
yes.. you have too,and most of courts will provide a judgment agnest you in less than 30 days after you break the lease.
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you should ask the landlord for option to get out of your lease after one year if your business do not do well.
few landlords will accept this deal.
just try it ,you will not lossssssssssse any thing.