Can a person cancel their lease within 3 days of signing it?
Question Details: We signed a lease at 3:30 pm on 5/5; we called to cancel it at 8:15 pm 5/5. Is there a law protecting us and giving us a little grace period to revoke the lease?
A 3-day right of recission in most states only applies in instances of door-to-door sales, gym memberships, timeshare and the like. Unfortunately, there is typically no right of recession with leases. Once the agreement is signed, the tenant is obligated for the full term. That having been said, a landlord is under a duty to mitigate damages. in other words, to make good faith, reasonable efforts to re-rent the apartment and can only hold the tenant liable for the period up to when it is re-rented.