My question involves landlord-tenant law in the State of: oregon
We were under pressure to rent our condo due to time constraints based on owner occupied building with rental waiting list. ( 30 day window to rent or lose spot to next on list). We rented to an applicant sight unseen at $200 less asking price and agreed on 1/2 deposit. We have not yet received deposit and applicant said they won't move in for another few weeks. we're worried he might bail, so have kept listing it as available, but letting people know a lease has been signed (we got screwed by two others before this applicant and want to make sure we have interested parties lined up).
We now have someone else interested who would pay full price and full deposit. can we cancel lease with current applicant and rent it to new folks because we haven't received the deposit? or use the new party as leverage to get current applicant up to full price and deposit? or do we have to maintain course with current applicant? I'm ok renting to current applicant at current price ( even though it is lower), just worried we'll be backed against the wall again if he bails. we're already a bit negative at our original asking price.....