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Can i withdraw myself from lease agreement
15-Sep-2023 (In Documentation Law)
Can i withdraw myself from lease agreement which we had with one of school management committe TO RUN SCHOOL. WE ARE FOUR MEMBERS WHO HAD LEASE AGREEMENT ON Rs.200 stamp paper with one of school committee. now i want to come out of this agreement. we din't had any legal agreement with among ourself between four members on any paper we just had agreement on stamp paper with the opposite school management only does consent or approval from my members from resigning is compulsary or is it ok if i send a formal letter to my members and to the person with whom we had agreement is ok
Unfortunately, you cannot remove yourself from the lease without the consent or agreement of all other parties to the lease--including the landlord. That is, even if your roommates agreed to let you out of the lease, you could not escape your obligations under it unless the landlord, too, agreed; and since whether the other parties consent to allow you out of your contractual obligations (since that's what a lease is--a contract) is voluntary on their part, there is no way to make them allow you out. Even a single roommate or the landlord, if he or she does not agree, can prevent you from being removed from the lease. What you can do, if the lease does not restrict or prevent subletting, is could find a subtenant yourself who will rent from you; that way, you may still be on the lease, but you'll have an offset for your rental obligations. If the lease does not require roommate or landlord consent for a sublease, you would be able to do this even if the other parties objected.
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Adv. Siddhant Sharma
Delhi | 500+ Answers
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