Locked into a Laundry Company

[Tom Jackson]

Hi, I have a 32 unit apartment complex.  Without my knowledge my "former" management company locked me into a ten year lease with a laundry company that supplies three washers and three dryers.  I have eight years left on the lease.

I have three problems with the laundry company, first they supply very old inefficient equipment and refuses to update and second, they check the washer / dryer proceeds without me being there to supervise, third they refuse to provide an accounting of how much money they take in and how they are calculating my part of the proceeds.

I would love to get out of this contract but don't see how.  The other option is to put a water flow meter on the washer, then by determining the water usage for the make and model of equipment and the water usage per month I could calculate the number of turns per washer for a ball park calculation as to what the monthly proceeds should be.

Has anyone had a similar experience and would the flow meter interfere with the operations of the commercial top load washer?