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Greetings, I recently signed a letter of intent to rent a property on Jan 19th, but on the 20th...decided to back out of the agreement for various reasons. I did not pay a deposit. However, the landlord is now claiming that I owe first month's rent (deposit) or they are going the threaten to take me to small claims. Am I obliged to pay that to the landlord? Or, because it was a LOI and not a tenancy agreement...am I allowed to walk away? One clause states that if terms and conditions in the Tenancy agreement can't be agreed, everyone goes their separate ways. However, the next one states "In the event the Tenant withdraws his interest to proceed with the lease of the said premises (which is what I did), the Landlord shall be entitled to forfeit the booking deposit and neither party shall have any claim against the other. But the thing is, I haven't yet paid the booking deposit. Sorry for the long email....and thanks for reading!
Asked by Anonymous
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Regards Aaron 9730 8455 email@example.com