Breaking a lease contract? PLEASE HELP?!?
My mum took out a payment plan for a laptop, and she was asked if she works and she said no, because she doesn’t… but then she got a letter from the leasing company addressing her as a small business, and basically the leasing agreement was meant for small businesses, not people that don’t work.. Also, when she took out the agreement, she wasn’t told that the equipment bought would have to be completally insured and last for 48 months and that breakages would have to be paid for (even though some of the things she purchased eg. Wii Games) break easily - She didn’t even know it was a leasing agreement - she was led to believe it was a buy now, pay monthly installments contract. So they basically lied to her. Is the contract still legally binding?
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2 Responses to “Breaking a lease contract? PLEASE HELP?!?”
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Contracts are legally binding.
Your mother signed a lease for products which she received. It’s a legally binding contract. If she signed it without reading it, no one lied to her, she just didn’t read the contract.
If she already received the items and has used them, she’s probably stuck. She can explain the situation to the company and see if they’ll take them back because she won’t be insuring them, but even if they say yes, they will demand a penalty payment because you’ll be returning used merchandise.
It’s not the company’s fault that your mother didn’t read the lease agreement.