I purchased a residential apartment that had a 10 year lease with a automatic renewal clause. The lease was executed in 2005 and has an automatic renewal. There is 4 years left on the after the automatic renewal kicked in in 2015. Does anyone have any have any suggestions on how to terminate early. The equipment keeps breaking down monthly and it's a pain to deal with this company. --76.29.xx.xxx

I'm not the best person to guide you on this, but I'm confused by your terminology. If you "purchased" it, then there should be no lease. Sounds like you "leased" it for 10 years, not purchased it. --99.92.xxx.xxx

If the contract is with the previous owner then you are not part of the contract. Check with a lawyer or landlords association where can google to get help. Renting anything is not worthwhile where if a investment was made could buy new more energy efficient front load washing machines that use 40 per cent less water along with a small amount of hot water along with can buy a natural gas clothes dryer where the time is only 45 minutes instead of hour. Consider Huebsch or Speed Queen which is made in the Us by alliance international. The leasing companies are bad deal all the way around where you are paying for the water, sewage charges along the electricity used for the machines where sometime you are losing as the costs are greater. Two washing machines and two dryers where there is less over loading along in and out faster. Even the money is borrowed then over time the loan is paid from the laundry revenue. I had very bad experience with the water heater rental companies where will avoid another bad experience. Some people do not bother with emptying the cash from machines where it is worthwhile once a week. A lot rental companies install older inefficient washing machines they took out from somewhere else. The leasing company is going to fight as they want this revenue forever and ever. I would avoid them in the first place. If everything is legal then take the machines out when the new machines then drop off the machines at the leasing company end of story forever. --99.236.xxx.xxx

The one time I wasn't lucky enough to just cancel the contract I was able to prove "fraud". The company, one of the largest here in Los Angeles, had several repair and coin collectors quit! Without notice strange people were showing up each month to make collections, an my coin count was getting less and less. The fired or employee's that quit took the keys to my building with them. The company didn't want to alert me to their troubles. So I installed a video camera in the laundry room and caught the coin collector filling two bags. The company's and his own. Then I installed a coin counter on their equipment. Each time the washer or dryer had the coin slide go forward, my counted registered another use. With this proof, that instead of getting my normal take I was getting only 1/3, I had a meeting with them. I should say with their local representative who appears at all of the Apartment Conventions. Either cancel my contract now or Pay me the back due funds and I will sue in small claims court. We made an agreement. The machines were month to month, cancel with 30 days notice and I got a check for the back due money. All I had to do is keep quit... --47.155.xx.xxx

IS THIS A LEASE WERE AT THE END OF IT YOU PURCHASE THE EQUIPMENT FOR A $1 --24.154.xx.x

Those companies are terrible to deal with. We had to wait a year after we bought our machines to get them out. Their machines always broke and we didn't get our money either. Never again. --71.184.xxx.xx

--76.29.xx.xxx

--72.70.xxx.xx

Might be worth paying a local lawyer to send a letter saying so. Probably only cost you about $100 to have the letter written that they are faling to maintain the equipment and you require them to either replace or remove the dangerous equipment. --67.43.xxx.xxx

--76.4.xxx.xxx

--76.29.xx.xxx

I would refer to the estoppel agreement that was notarized before the closing date, look for the laundry contractor pages when you had negotiating power to cancel. --76.188.xxx.xxx

The company is the winner here where tell them you never signed the contract where the old broken machines will be returned to them. Why in world would anyone want old unreliable energy inefficient machines where you are paying them by including the utilities which are constantly going up. Front load machines use forty per cent less water along with a small amount of hot water which is considerable saving every month. A natural gas clothes dryer has a shorter drying time where 45 minutes instead a hour which means less wear and tear on the machine. Even if a loan was taken out then over a few years the machines will paid for. The last apartment building which sold the new owner took out the heavy commercial laundromat machines then went with leasing company as did not bother emptying dollar coins, quarters along with cleaning out lint filter on commercial natural gas clothes dryers. That is complete loss in revenue along with seen one of laundromat owners become rich over time. It is possible to buy good used laundromat equipment which is expensive but very reliable as that is used in a laundromat environment. Stay away with the cheap equipment where spend more to get Huebsch or Speed Queen which are much better the top load Whirpool machines. --99.236.xxx.xxx

I reread the original post and am thinking how are you obligated in any way to honor a contract someone else executed? Was it part of your building purchase contract that you agreed to some type sublease agreement? If not, again without seeing the contract, I'd say purchasing a building has nothing to do with this contract. --72.70.xxx.xx