With the new decade in its infancy, who wouldn’t want to start afresh?
But if out with the old means terminating a cell-phone contract, car lease or gym membership early, be prepared to pay. Depending on the contract holder, it can cost hundreds or thousands of dollars to pull out of a deal.
Most consumers associate leases with automobile or apartment contracts. But the gym membership you signed up for or the contract you negotiated with a cell-phone company is a lease agreement, and breaking it is a breach of contract. In most cases, the law favors the person or company providing the lease.