I just signed a lease for a rental and provided a protection deposit and one month rent. 5 days later I lost my charge and want out of the lease that I would not take lease in for another 30 days. The tenant is willing to invalidate the lease but wants to maintain my deposit and rent. I know there are period of 7 days for termination of purchase agreements. Wondering if there are similar rights for tenant? The property is located in Oakland, CA.

My partner and i own a property

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No, the 3 day "cooling off' extent does not apply to leases.

How does a Quit Claim effect the

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I have never hear of any such provision in the decree. You should contact the city and ask them. They would certainly know because Oakland is a rent control city. I thought it be three days to change your mind. If you can out of the lease that cheaply next you are lucky

Why would anyone choose to register/form as

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Answers:   There is no such canon. The terms of hasty termination should be stated in the lease you signed. The certainty that you never took possession, has little to do near it. The compensation the landlord is asking for is standard for an untimely termination.

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