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Lease to own

The TVClubHouse: General Discussions ARCHIVES: 2005 Mar. ~ 2005 May: Buyers Banter (ARCHIVES): Lease to own users admin

Author Message
Urgrace
Member

08-19-2000

Monday, April 11, 2005 - 8:46 am   Edit Post Move Post Delete Post View Post    
Help! Hope this is the best place to discuss this. Some of you know that I am trying to start a coffee house. Recently I signed a contract with an equipment company to lease to own an ice cream dipping cabinet and a deli case.

It is my understanding that as a consumer I have three days to change my mind without penalty. The company called me ten days later out of the blue and tell me they can't lease the equipment to me since I am a new company, so bring them a check for the full amount! They say it's not my credit rating, just the new business angle. Can they do this?

Resortgirl
Member

09-23-2000

Monday, April 11, 2005 - 9:14 am   Edit Post Move Post Delete Post View Post    
Grace, I would think if they changed the terms of the agreement you signed, that you can opt out of it completely. I'm not a lawyer though...

Best wishes on your new adventure! It'll be wonderful!

Ladytex
Member

09-27-2001

Monday, April 11, 2005 - 10:37 am   Edit Post Move Post Delete Post View Post    
Hey Gracie, I'd have your lawyer read the contract you signed.

Jagger
Member

08-07-2002

Wednesday, April 13, 2005 - 11:50 am   Edit Post Move Post Delete Post View Post    
Grace I would take the advise given above and have an attorney look at the lease. Generally once you sign a lease your are both bound by it, but there may be some legal wording in it that allows them to back out, or there may be some state law that allows them to back out.