Legal Question in Business Law in South Carolina

return of 1st month's rent & security deposit on unpreformed lease

Do I have a legal right to be refunded for first months rent and security deposit of 1432.68 on a equipment lease agreement that was never completed? Section 9 of the agreement states '' The security deposit stated above has been deposited with Lessor as security for full performance of all terms and conditions of this lease.'' The contract nor performance to complete lease was done. ''Applicable Law'' is in accordance with the laws of the State of South Carolina, UCC Article 2A. Thank you for any guidance or direction you can provide in this matter.


Asked on 1/07/02, 3:49 pm

1 Answer from Attorneys
Louise Aron Attorney at Law

Re: return of 1st month's rent & security deposit on unpreformed lease

Louise Aron

Attorney at Law

Lakewood Office:

1536 South Ingalls

Lakewood, Colorado 80232 USA

(303) 922 7687

fax (303) 922-1370

Cherry Creek Office:

300 South Jackson #100

Denver, Colorado 80209 USA

(303) 780-7339

Satellite offices:

Boulder - 4450 Arapahoe Avenue, #100

DTC - 4610 South Ulster, #150

A TOLL FREE NUMBER is available to clients outside the Denver metro area.

My email: [email protected]

My web site http://effectnet.com/la/

LawGuru User

Dear LawGuru User:

I don't think I have enough information to definitively answer your question. Why wasn't the equipment delivered?

Also the lease itself needs to be examined to see what procedure applies in your case. There should be provisions in the lease other than the one you cited which pertain. If not, a letter can certainly be written demanding the money back, since the equipment was not delivered.

Thank you for using LawGuru.

Sincerely,

Louise Aron

Attorney at Law

My web site http://effectnet.com/la/

Read more
Answered on 1/10/02, 12:30 pm


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