Basically it depends on the circumstances for both the landlord and the tenant. 

Consider asking them to make all repairs, pay for the re-inspection or cancel the contract and demand a full refund of your EMD.Ideally, an extension for your due diligence should have been executed, but this delay was at no fault yours and the sellers never sent you a demand to release your inspection contingency so it’ll be hard for them to enforce given the circumstances. 

This is almost an identical scenario to the one I had with the four-plex earlier in the month, except that I was ready to pay the 30K over asking price until the financial markets started to tank!   

Hi everyone :)My jurisdiction sides with tenants, and forbid landlords from asking for any deposit except for last month's rent and a key deposit.

I currently have a 24% front and back end ratio ( I believe), no other debt except primary residence PITI.

Except as tenants will be given FORGIVENESS on past amounts due you wont.Please budget as if TAXES are going UP  they will.PS.

Well most of them say “....except Hawaii and Alaska”.

We are in contract (removed all contingency except loan and the loan should go through), and the deal was supposed to close in the 1st week of March.

Great - wasn’t sure if I can do that under the current circumstances . thanks , Alex .

You do NOT need more than 1 furnace for your triplex.The City of Kitchener is big on intensification and is allowing 3 units in almost all areas of Kitchener with the exception of being close to Conestoga college in the south end.