While the generalities of the situation can be discussed, the key to your situation likely lies in the terms and conditions of the Application which you submitted. Generally, an Application is just that and does not create a binding agreement other than the potential forfeiture of the Application Fee. You should have counsel review your Application to determine your rights and remedies and whether there is a liquidated damages clause in the Application/Agreement which could be invoked to allow the Landlord to retain a $1,500 deposit.
Answered on Sep 03rd, 2012 at 2:34 PM