PDA

View Full Version : Getting out of long term laundry room lease in Wisconsin


rhartnell
Feb 11, 2010, 05:04 PM
I currently own an apartment building in Wisconsin. When purchased, it had in place a 10 year lease for the laundry room with a ten year auto renewal. I only get 15% of sales which don't even cover utilities. Is there any way to cancel this lease other than to try to get them on non performance of maintenance? Help

Fr_Chuck
Feb 11, 2010, 05:32 PM
Not really, the only way is to find a way that is listed within the lease.

How many more years left in the lease ? Of course be sure to notify them that you will not renew the lease.