Q: What are my obligations to a contract when the company I entered it with is not registered with the state?
I am trying to move, but my landlord won't let me sell my contract/sub-let it even though the contract has a provision that allows it as long as the landlord agrees to it. Instead, they want to find a new tenant and increase the rent by $100. I combed through the contract and found that they signed with their rental company name. Upon further inspection, I found that the business registration for that company expired in 2014. Is the contract still valid? What are my obligations? Are they even allowed to raise rent when I'm trying to find a new tenant?
A: Yes, the contract is enforceable. If the business is expired, the only thing that it means is that, they can get in trouble with the department of corporations and they may be personally liable rather than having the limited liability they probably thought they had.
I hope this helps.
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