Legal Question in Credit and Debt Law in California
is reasonable escape clause required in lease agreement?
I am currently still paying for the equipment I've leased during a business that closed down a year ago. The lease document has what's called ''non-cancellable'' clause.
Isn't it true that in state of CA, a lease contract should have reasonable exit(?) clause?
Asked on 11/26/03, 12:20 am
2 Answers from Attorneys
Ken Koenen
Koenen & Tokunaga, P.C.
Re: is reasonable escape clause required in lease agreement?
No, that is not correct. That is why it is called a contract.
Answered on 11/26/03, 10:59 am
Robert Mccoy
Law Office Of Robert McCoy
Re: is reasonable escape clause required in lease agreement?
Koenan gave the best answer.
Answered on 11/26/03, 8:07 pm