Does a California tenant have rights to cancel a residential lease within 7 days of signing and providing $$?
I just signed a lease for a rental and provided a security deposit and one month rent. 5 days later I lost my job and want out of the lease that I would not take occupancy in for another 30 days. The landlord is willing to cancel the lease but wants to keep my deposit and rent. I know there are periods of 7 days for termination of purchase agreements. Wondering if there are similar rights for tenants? The property is located in Oakland, CA.
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September 1st, 2010 at 3:10 am
I thought it was three days to change your mind. If you can out of the lease that cheaply then you are lucky
September 1st, 2010 at 3:13 am
I have never heard of any such provision in the law. You should contact the city and ask them. They would certainly know because Oakland is a rent control city.
September 1st, 2010 at 4:09 am
There is no such law. The terms of early termination should be stated in the lease you signed. The fact that you never took possession, has little to do with it. The compensation the landlord is asking for is standard for an early termination.
September 1st, 2010 at 4:24 am
No, the 3 day “cooling off’ period does not apply to leases.