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I own a business in Westborough, MA and leased equipment.
The equipment has been having problems. The company that I got the lease thru has not been responding and I feel that I have been cheated. What I want to do is terminate this lease and return the equipment. It is a 5 year lease and I have paid monthly for a year and a half. I’d like to get out of the lease and be done with it. What are my legal rights?
We would have to review your lease agreement to determine your rights if the equipment fails. Finance leases are very strict in that any issues with the equipment must be addressed exclusively with the manufacturer and not the finance lease company. Your obligation to make payment to the leasing company is typically absolute and you should not withhold payment to them simply because the equipment does not work as this is not a valid defense. It’s important to have an attorney review your lease and determine your rights and obligations.
The Westborough, MA Equipment Leasing Attorneys at Goldberg & Oriel represent individuals and businesses throughout Massachusetts. Located in Framingham, Massachusetts our attorneys serve the entire Boston region including the communities of Acton, Arlington, Belmont, Boston, Braintree, Brockton, Brookline, Burlington, Cambridge, Canton, Dedham, Framingham, Lexington, Marlborough, Milton, Natick, Needham, Newton, Norwood, Quincy, Waltham, Watertown, Wellesley, and Worcester.