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Getting Out of a Lease

Article

Last year I signed a five-year lease with a laser company. I have been paying about $3,000 a month. I do not have many customers, and the payment is a big burden for me. I have tried to sell to other physicians without success. What can I do to get out of this lease? I am very desperate.

Question: Last year I signed a five-year lease with a laser company. I have been paying about $3,000 a month. I do not have many customers, and the payment is a big burden for me. I have tried to sell to other physicians without success. What can I do to get out of this lease? I am very desperate.

Answer: You need to read the contract in very close detail to see if there are exit or other similar clauses. It may cost you something, but that may be less expensive in the long run.You can also look at the other side of the equation. You must have expected to have customers when you leased the laser. What happened? Wrong audience? Too little marketing? If you can identify what went wrong and devise a way to change it, maybe you can begin to recoup your costs.

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