California  |  Landlord & Tenant Law

Legal Question

Asked on: 3/27/05, 3:40 pm

Is a signed lease binding is no money has been exchanged yet?

I just signed a one yr. lease yesterday, but haven't given him any money yet.

Now another house I like a lot better has been offered to me and I'd like to

take that one instead. Can I cancel the first agreement without penalty? It

did stipulate that my vacating the premise early would allow the landlord to

keep the security deposit, but he doesn't have any money yet. Is there a

graceful way out of this signed lease?

thanks,

Lori

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