Anyone with experience breaking laundry leases? I have two leases with two different companies in South Florida that I can't break. One was inherited with the property, the other one I signed. The terms of both are similar and unfair (read the fine print!). 7-year terms and the companies have the right to renew.
I've tried calling the companies but they have not been returning my calls. During my first call, I offered to buy them out but they both said the same thing..."Let me get your contract and we'll call you back". Since then I can't get in touch with anyone.
For those of you out there considering leasing machines I would strongly suggest buying your own used, coin-op machines. They can be serviced the same as regular washer/dryers and you keep all the money.
What does the contract state about breaking the lease?
What about the terms are unfair?
Are you close enough you can visit them in person?
No court of law is going to uphold a contract that does not have some reasonable facets of termination. That can be a normal expiration (as in a lease), a notice-and-out, a buyout clause, or something similar. To allow otherwise would be akin to indentured servitude/slavery. I *seriously* doubt a contract that allows a company to self-renew and obligate you to pay to infinity is legal.
Post the contract up here, blur out your specific name information and that of the company. I guarantee there's some legal experts that will slice it like a Ginsu!
See below for the contract. Paragraph 14 states the renewal process. It'll automatically renews twice for seven years. After that, I have to notify them in writing, certified mail, during the first month of year 14.
They are not near my property in Pompano Beach, FL but I could pay them a visit.
wasn't there a lot of talk of a company (can't for the life of me remember the name) jacking up rates and a member(s) on here was going to fight it.
no idea if this applies because I can't read your picture currently...
Thanks for the link, Matt. It's not quite the same issue but it does demonstrate how difficult it is to deal with these vendors.
section 13/14 take care of what you have to do.
13 basically says you have to pay like 75% of their gross income x remaining months of the original contract and any options (2x7 yr options).
14 tells you how to opt out of the options by sending a notice (gives you the time frames and instructions for how to submit notice).
Thanks @Matt K. . I tried contacting them about buying them out but they won't return calls now. I'm contacting a lawyer now. Will report back on that when I have something.