Is it fair to say that if a lease is not sign by the property owner that it is not honored as a validated contract? The le...

Full question:

Is it fair to say that if a lease is not sign by the property owner that it is not honored as a validated contract? The lease that I have is not signed, furhter more I found out that the com[pany we did the lease with owes the protperty owner. The had another company take over and they stated that it was ok for us to stay in the house and not to worry about September's rent, but to pay October's rent. Well we have not recieved a lease from this management company, and they are asking for proof of payment for September and wants Octobers rent. They havee not done a full inspection, and have not fixed anything in the house such as the stove, furnace, anda window downstairs. There is also s tove in the back yard that they need to remove for safety reasons. There are children in the house ages 5, 4, and 4 months old.

  • Category: Contracts
  • Date:
  • State: Colorado

Answer:

A signature is a symbol that signifies intent. The definition of "signed" in the Uniform Commercial Code includes "any symbol" so long as it is "executed or adopted by a party with present intention to authenticate a writing." The primary focus is on the "intention to authenticate". A signature may signify an intent to be bound to the terms of the contract, however, other manners of acceptance may be made, such as performing under the contract. The Statute of Frauds requirements can still be enforceable if there’s been “partial performance.”
That occurs when the buyer or seller have done something that shows they’re holding up their end of a deal. By performing part of the agreement, they’ve gotten far enough along so that it would be unfair to not enforce the contract and leave them empty handed.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

A lease does not necessarily have to be countersigned to be valid. However, a signature from both parties typically indicates mutual agreement and intent to be bound by the terms. If one party performs under the lease, such as paying rent, it may still create enforceable obligations even without a countersignature. It's important to document any agreements and actions taken by both parties to support your position.