When a tenant or manager/owner terminates a fixed-term contract before the end date without justification (i.e. without sufficient reason), he or she breaks the agreement. This is also called a breach of the lease. Before you do something, why not talk to your counterpart? We see many situations in which the counterparty agrees either to terminate the agreement or to change its terms. Sometimes, instead of breaking a contract, you can agree to terminate it. Of course, this doesn`t always work – so you have to become legal. A legal breach of contract is possible under certain conditions. Simply put, a contract is an agreement between two or more people or groups that creates a legal obligation or liability. A treaty is a serious promise and it can have serious consequences if the treaty is violated voluntarily or involuntarily. Some of the most common cases in today`s small and small claims court probably involve some sort of offense.
A lease is a legally binding contract. If it is broken, it will probably have to pay compensation. Contracts can be written or, in some cases, spoken. Oral (or oral) contracts are difficult to prove and are therefore often difficult to assert in court. Depending on the type of contract, it must be in writing to be enforceable. These include contracts used in real estate, the repayment of debts by another party or an agreement that takes more than a year to execute. Courts expect written contracts to have been fully read and understood before the parties sign. .