Ask a Business Lawyer. Get Business Law Questions Answered ASAP.
We needed to let them know a month before the lease ended that we were willing to stop the lease, we could never conatct them (they never answer because offices were closed they went Bankruptcy) The new company conatct us two months after to request payment because they automatically renewed the lease. The company acknowleged the they did not notify us of the new finance company and agreed to end the lease, by us retuning the equipment. When we asked for our deposit, they argued they have not knowleage of it...we have copy of the check send to them and cashed for the deposit)
Thy last comment was that becasue the previous company went bankrupt, we lost our deposit...