im trieng to get out of a lease and both me and my wife are on it, but one of us havent signed it. Is it a legal contract? Also it there any way i can get my deposit back?
2006-10-27 07:42:00 · 7 answers · asked by Drew V 2 in Business & Finance ➔ Renting & Real Estate
Even if only you signed the lease agreement it is a legal binding contract. If you are married legally you wife's credit may be affected as well as yours, and although she may not have signed she is still liable if you should get sued for the remainder of the lease amounts. Further your deposit should have been secured in an escrow account bearing interest and may be applied to outstanding amounts owed on the lease agreement. In most instances to avoid costly court costs and attorney fee's most tenant/landlord
disputes can be mitigated by an independent arbitrator to remedy damages and arrange for a settlement prior to a court hearing. This link may explain your rights as a lessee :Landlord-tenant law links to 50 states (US)
Retrieved from "http://en.wikipedia.org/wiki/Leasing"
Category: Real estate
2006-10-27 08:30:32 · answer #1 · answered by Bxrock 2 · 0⤊ 0⤋
Laws can vary from state to state but in most cases it would be binding as long as one of you and an agent for the lessor have signed it. Check with your manager, because some leases have a buy out option. This would cost you a little bit, and usually you forfeit your deposit, but would save your credit and rental history. Good luck.
2006-10-27 07:48:04 · answer #2 · answered by michelle p 2 · 0⤊ 0⤋
Depends on how long it has been since you have signed it. Most property managers/landlords will allow 7 days for you to back out. It is a legal binding contract, and the person who signed it will be held liable. Act quickly on this, you may be getting charged rent.
2006-10-27 08:55:32 · answer #3 · answered by Anonymous · 0⤊ 0⤋
from my experience, i have seen everybody bending over backwards to make sure that everyone on the lease has signed it; if you are both indicated on the lease, then you both need to sign it. if you are trying to get out of it, then that might indeed be something you could use to your advantage. no way to know without asking a local expert in the field.
2006-10-27 07:50:37 · answer #4 · answered by KJC 7 · 0⤊ 0⤋
This is a question for your local attorney but my best guess is that the lease would still be valid if you signed it. Your wife may not have obligations but I am guessing you would.
2006-10-27 07:45:37 · answer #5 · answered by Anonymous · 0⤊ 0⤋
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2016-12-05 07:15:12 · answer #6 · answered by Anonymous · 0⤊ 0⤋
yes it is, BUT, the party who did NOT sign cannot be held LEGALLY responsible for the rent, given that their name is NOT on it
2006-10-27 07:46:15 · answer #7 · answered by howdoyoulikeyourpussy 1 · 0⤊ 0⤋