Quote:
Originally Posted by 81MC
Certainly I have no involvement other than feeling frustrated for my buddy and his family.
So sounds like he’s SOL, and the only potential recourse would be to pursue damages from the realtor in court, assuming he has evidence of communication explicitly stating the requirement to have the tenancy terminated by possession date.
My buddy is (obviously) pissed and really believes he should be able to renege on deal and get his deposits back, but I really don’t see that being the case.
Unreal. I knew realtors could be a pretty whack, predatory profession but even I’m shocked at this incompetence. And to be notified of this less than a month to go, yikes.
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If your friend really wants to walk away, I think he probably could. It was many years ago, but when I was selling my house in Calgary, the buyer flaked on our deal for a very flimsy reason. I wanted to hold firm on not releasing the earnest money, but my agent advised that the other side indicated they weren't going to release it either and that I'd likely end up in court and it would cause a lot of problems trying to sell the house until it was settled. I'm not sure if that was good advice or not, but if he takes a hard ass approach and is really ok walking away, then I'm guessing he'll either get his deposit back or the seller will figure out a way to get rid of the tenant.