Surprised to hear about this "mutual release".
We just sold our place, but the first offer we got fell through due to the buyers not liking something in the home inspection (alum wiring)
All we got was a non-waiver form from the potential buyers which basically said they were not lifting the conditions and that they were bailing on the deal.
As the seller, we didn't have to sign anything and there was nothing we could do about it. I assume that after they sent the non-waiver they went to the brokerage and got their deposit back.
I don't think the seller has any power in this situation. Maybe the rules are different in Ontario?
Hope it all works out for you!
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