My 2-yr lease contract ended last December 11, 2011. I renewed my contract for 6 months (until june 2012). Issued 5 PDCs, and paid cash the first month rental fee.
I was planning to sell my business that time and gave myself 6months to sell it otherwise ill close my business down. I informed my landlord and the agent regarding my plan before I renew my contract.
On the original contract, there is a clause that all payments made (security deposits) will be forfeited in case I fail to finish my contract. However, on the renewal contract the agent (who has the SPA given by the owner) that this clause from the initial contract will change, stated that I will get all my payments even if I fail to finish the contract.
The contract is notarized.
Fortunately, I was able sell my business early last month and the unit gave the new owner of my business a new 2-yr lease contract. However, when I'm about to get my deposits for my refund, they refused to give 100% of my deposits. I have no pending dues to pay.
Their reason is that I did not finish my contract thus I can't get my deposit. I refer to the new contract and they say they won't honor that and they refer to the first contract. Which I believe is not right.
I supposed to get my refund last march 15. Until now they are not giving me the amount. What is the best way to do. Should I approach the barangay to settle this? Should I seek legal help from the PAO of our municipality?