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Old 07-27-2014, 01:22 PM
 
1 posts, read 1,624 times
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I am in a bit of a dilemma here. My friend and I were looking to find a place to move into and I managed to find something reasonable that would accommodate both of us. The lease period for this place would be 1 year. Very recently, I found out that my friend would not be able to do a 1 year term due to work reasons and may have to relocate within ~4-5 months. I've signed the lease and the landlord has signed the lease (my friend's name isn't on the lease yet). No exchange of any money has been made yet. Am I still liable to go through with this contract? It says I need to give the deposit within 24 hours of signing the lease, which I haven't done so.
For what it's worth, I am dealing with a real estate agent and not the landlord directly.

Anyone knowledgeable about Ontario rental laws that can give me an answer here?

Thanks.
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Old 07-28-2014, 07:29 AM
 
325 posts, read 1,033,412 times
Reputation: 192
Why dont' you just call and ask? The realtor will have to find out at some point; the clients may prefer to find new tenants rather than force someone to move in who may or may not be able to pay every month.
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