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Hello my name is Ross and I can help with this matter.
The answer is no, he is not liable. Hopefully he will have this agreement in writing. Any contract can be terminated as long as the parties involved are all agreed. Therefore he will not have to continue to pay the rent as they have all agreed to terminate the contract. The fact that the new tenant has reneged on the deal they had with the landlord is nothing to do with your son. The only potential issue would be if the landlord had agreed to terminate the lease on the 17th solely on the condition that the new tenant moves in. However, in absence of this type of agreement then your son will not be liable at all.
I hope this information has helped.
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You are welcome. If they have the original agreement in writing then the agency doesn't have a leg to stand on.
If you have a copy of correspondence in relation to the agreement on the 17th then be sure to keep these.