Posted by Rob FL on June 16, 2000 at 11:02:43:
Legally they are bound by the lease, but if you really try and force them to pay you will be dealing with them in court for months and all the while with a vacant property. My advice is to move on. Call back your number 2 choice of tenants.
I think you learned a big lesson. A cardinal rule of landlording. At the time they sign the lease, they give you cash or certified funds for the security deposit. Otherwise, no deal. Also don’t turn down other prospects until you have a signed lease and a deposit in the bank.