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verbal agreement
how do I get out of a verbal agreement , I accepted a lease on a pub but changed my mind before signing , the lanlord wants compensation for some work he carried out on the premises that I requested , can I refuse to pay?
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Re: verbal agreement
If the verbal agreement was clear, then it is a binding contract and you can be held to it or required to compensate for breaking it. His problem is proving it. -
Re: verbal agreement
In law there is no real difference between a verbal contract and a written one, in that both require, offer, acceptance, consideration, capacity to enter into legal relations and intention to enter into legal relations.
If it can be shown that you breached the contract, in that you did not sign the lease, then he may pursue you for damages. You may argue mitigation, in that he should have ensured due diligence before spending any of his money, also you may say that any improvements made would not be a loss as he was improving the sale-ability of his asset. It depends on the details of the case.
As usual the best remedy for a situation like this is to try and work at a mutually acceptable compromise, perhaps through a third independent party, rather than going to law, I personally think that some offer of recompense would be due, based on the slim details provided.Comment
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Re: verbal agreement
It is my understanding that a "verbal" agreement may not be binding on property/land/tenancy issues but GT is (of course!) right that if your "gentleman's agreement" has caused the other party expense that he would not otherwise have incurred you need to reimburse him and it is in both your interests to keep it out of court.Comment
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Re: verbal agreement
think your on a loser its expensive to change your mind if other party spent money because of what you agreed he or she is entitled to claim that money back best sort amicabally and if it is sold at greater amount due to the alterations maybe he wil give you some back he needs prove the verbal agreement but if there are witnesses id avoid courtComment
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