Can I Submit Offers On Multiple Properties At Once in Toronto?

While you can technically submit multiple offers, it’s risky if more than one is accepted; you may be legally bound to various leases.

Why Multiple Offers Are Risky

• Legal risk: If two offers are accepted, you could be contractually obligated to lease more than one property.
• Financial strain: You may be liable for overlapping rents, deposits, or penalties.
• Reputation: Agents and landlords may view multiple offers as a sign of bad faith, which can harm your credibility.

A Smarter Approach

• Prioritize: Focus on the property you want most and submit a firm, timely offer.
• Use a short irrevocable: Set an explicit expiration on your offer so you’re not left waiting too long.
• Have a backup plan: If your first choice falls through, you can immediately pivot to your next option.

The Role of an Agent

An experienced leasing agent will guide you through the timing of offers, help you avoid legal pitfalls, and ensure you’re making strategic moves without unnecessary stress.

The Fox Marin Team coaches its clients to help tenants act decisively while staying protected, enabling you to secure the right property with confidence and avoid costly mistakes.

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