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Old 10-20-2009, 05:33 PM   #14 (permalink)
The Big D
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Quote:
Originally Posted by spirit4711 View Post
That also depends on the type of lease contract. In my country one usually rents for a term of 5 years. If you stop after say 2 years, you still have to pay for the remaining 3 years...

Hardball may be an option though. Another one: discuss lowering the rent and paying him a percentage of turnover.

The solution to this, at least under US law, is to threaten bankruptcy of the entity that signed the lease. Say "I have this 5 year lease. I cannot pay the last three, and I have here bankruptcy forms all filled out that I'm prepared to file after this meeting if we don't reach an agreement. I know if I vacate you won't be able to fill the space, because the guy down the street has two vacancies. Care to change my rent so I can pay it?" Of course you need to know what number you need your rent to be.

I imagine this same strategy works under European law too.

I hate it from an ethical standpoint when people freeroll on bankruptcy law like that, but it is a VERY effective strategy for restructuring leases and contracts.
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