Legal Question in Real Estate Law in California
72 Hour Right of Cancelling a 6 Month Lease Agreement
Hello,
A commercial lease agreement for a period of 6 months was signed on Sept. 3, 2003 by both parties.
The Tenant came personally and returned keys on Friday, September 5, 2003 advising that he was using the ''72 Hour Right of Cancellation'' clause.
Under the current laws does this apply for a commercial lease?
Thanks for your help on this.
Miki
3 Answers from Attorneys
Re: 72 Hour Right of Cancelling a 6 Month Lease Agreement
No.
Re: 72 Hour Right of Cancelling a 6 Month Lease Agreement
No, I know of nothing to provide such a right of cancellation on a six month lease.
Re: 72 Hour Right of Cancelling a 6 Month Lease Agreement
No. There is no "cooling off" period for leases. That applies if someone solicits you at home. If the tenant does not pay, you could sue him for the full term of the lease and receive your attorney's fees provided there is an attorney's fees provision. You would have to make a good faith effort to lease the premises. If you are able to lease the premises, the tenant would only be responsible for the time the premises was not rented, plus possible costs and attorney's fees.
We would have to review the documents to fully advise you. We will not charge you to review the documents and evaluate your case. If you wish us to review the documents, please e-mail us with contact information, fax them to (818) 991-0669 or call me at (818) 991-6664.
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