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I am afraid that people use written contracts
to bind people to agreements they enter into. Thus, you need to read your monitoring contract and see what it states about a termination clause. I am afraid you are going to be bound by the terms in that contract and if there is no termination clause, then even though you sold the home you are bound to that contract. Many national alarm companies have programs that will allow you to transfer your alarm contract to a new home, but that is going to be something that is included in your contract.
As written contracts are held to be binding and enforceable by the courts, you resolve the issue by first reading your contract and reviewing the termination clauses and you would have to follow those terms. It is legal if there are no termination clauses or a termination penalty and the company insists you honor the contract I am afraid.
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