Signed a bad lease last month and it cost me $800 to break it early

I signed a three-year lease for a retail space in Denver back in January without reading the fine print. There was a clause about early termination fees that I missed, and when my sales dropped 40% in April I had to get out. I paid $800 to break the lease because I didn't check the cancellation terms first. Anybody else get burned by a lease contract they didn't read through?

1 comments

1 Comment

the_kim7h ago

Funny you say that, but $800 sounds like a pretty fair deal. In my experience, most landlords could have come after you for the entire remaining rent, so you actually got off light. Maybe take it as a cheap lesson on always checking the fine print before signing.