a storage facility in Texas , like uhaul , shurguard , public storage , ect...)
lets say mary has a storage unit with company A on a lease . storage A was bought out by storage B so therefore has a slightly different lease/contract . is company B forced to honor mary's old lease or is the new one in effect and the old one void . One example is pany A's contract has the ability to raise rent with 30 days notice . Company A did not have that in their lease .
2006-08-29 09:08:39 · 5 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
ur a coward mothafuka ya heard *****?
2006-09-02 06:20:14 · answer #1 · answered by forzaitalia232569 2 · 0⤊ 0⤋
Depends on the lease contract -- if it allows or requires Co A to assign the rights of the contract with Co B to another party.
If this is not outlined in the contract, then Co A needs to resolve its terms on the contract (get out of it) and you would have to draw up a new agreement
2006-08-31 00:11:21 · answer #2 · answered by Finnale 2 · 0⤊ 0⤋
I would guess Company A's lease had a provision in it allowing them to assign, change terms, etc. and that Mary is screwed. Large companies know all the tricks.
Check what kind of "assignment" and "amendment" provisions are in the old lease.
Good luck.
2006-08-29 16:12:27 · answer #3 · answered by American citizen and taxpayer 7 · 0⤊ 0⤋
Generally, a lease remains binding for its duration.
For month-to-month leases, however, each monthly renewal would give either party a chance to alter the terms. So, if the new owners wanted to impose different terms, they would generally be allowed to make those new terms a condition of renewal.
2006-08-29 16:11:01 · answer #4 · answered by coragryph 7 · 0⤊ 0⤋
The original lease should be binding, unless there is a clause regarding proceedure for raising rates. H ave an attorney check them.
2006-08-29 16:14:56 · answer #5 · answered by debop44 3 · 0⤊ 0⤋