My situation is a little unusual.  I had a couple tell me they wanted to rent my house for 8 weeks this summer.  I was dealing with the woman and I told her it was $2400 a week (based on them taking it for 8 weeks, normal is $3500/wk.) and subsequently showed them the house.  I told them I take 50% down to hold it.  Well the money trickled in, first $1k, then she texted saying she was sending another $1400.  I texted back a couple days later asking about the remaining balance.  She then called and said that is the full deposit.  She apparently thought I was renting it to her for $2400/mo!  My wife heard me tell her on the first phone call it was $2400/wk.  The weird thing is they own a large inn in the area that rents rooms at $150+ a night.  How they thought they were going to rent my house with 4+ bedrooms for $80 a night is beyond me.  I never received the $1400 check she said she was sending, so all I have deposited is the $1k.  From showing them the house till this last phone call with her took about 3-4 weeks in April when I had been getting 3+ inquires a day from two different website I am on.  I had to turn down a number of people I had been talking with and two that were about to send deposits in on a $3500 week stay.  Now I have opened the availability calendars on both the websites and am getting maybe 1 every other day looking for a week (meaning a lot of have lined up their summer vacations already in my part of the country).  Normally I tell people if they ask, I refund their deposit in full 90 days out or if less than that only if I can get it rented for the same week being cancelled.  We did not have a signed rental agreement and they never asked what my deposit policy was.  What should I do with their $1k deposit??