Legal Q&A: New tenants want out of their lease

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Question: New tenants signed our lease and paid the first month’s rent. Now they want to get out of the lease. They did not take possession.

Answer: When the tenant signs a lease, they are bound by the terms whether or not they change their mind later.

Question: I purchased a building in which two of the three tenants do not have a deposit on file. Can I require a deposit for continuing tenancy?

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