What should I do? Please help!!!

Long story short. A lady (T) wanted to rent my house at the beginning of this month. She is in Section 8 program so she can not pay me rent until her current lease ends this month. So she asked me to hold the house for her so that we can start the process with section 8 office. And She proposed that she will pay money to compensate my loss rent for this month. My monthly rent for this house is $1395, I discounted to $930 for her. Now that the paperwork wasn't approved by the housing office, she wants her money back or signs the lease with this amount of money deducted. Isn't it right. Please read below for the agreement we signed. I know I screwed up a little bit with this agreement but I want to know what I can do according to this agreement.
Please help! This is my first time to rent our house out.

Receipt and holding deposit agreement

This will acknowledge receipt of the sum of $930.00 by Nikwasi ("Landlord") from T ("Applicant") as a non-refundable holding deposit to hold vacant the rental property at XXXX until 8/31/2009 at 11:59 pm. The property will be rented to Applicant on a 12 months basis at a rent of $1395.00 per month, if Applicant signs Landlord's written residential lease agreement and pays Landlord the first month's rent and a $1400.00 security deposit on or before that date.

Landlord and Applicant agree that if Applicant fails to sign the resident Lease Agreement and pay the remaining rent and security deposit, Landlord may retain of this holding deposit equal to $930.00. Should the Lease Agreement be unable to be signed through no fault of Landlord or Applicant, Landlord may retain of this holding deposit equal to the prorated daily rent of $50.00 per day starting from this 3rd day of August, 2009

所有跟帖： 

• She said according to her lawyer: -nikwasi- ♀ (198 bytes) () 08/28/2009 postreply 15:45:04

• Somebody, help! Please -nikwasi- ♀ (324 bytes) () 08/28/2009 postreply 16:08:07

• 老貓, Please help!!! -nikwasi- ♀ (46 bytes) () 08/28/2009 postreply 16:34:38

• 回复：What should I do? Please help!!! -單身老貓- ♂ (84 bytes) () 08/28/2009 postreply 18:43:50

• 回复：回复：What should I do? Please help!!! -nikwasi- ♀ (302 bytes) () 08/28/2009 postreply 19:12:46

• I don't want to give in just because she threatened me -nikwasi- ♀ (37 bytes) () 08/28/2009 postreply 19:13:58

• 回复：I don't want to give in just because she threatened me -單身老貓- ♂ (461 bytes) () 08/28/2009 postreply 19:38:52

• 回复：回复：I don't want to give in just because she threatened me -nikwasi- ♀ (1551 bytes) () 08/28/2009 postreply 20:03:19

• 君子爱财，取之有道。正经租金收入，我一点也不觉得可耻 -nikwasi- ♀ (173 bytes) () 08/31/2009 postreply 00:35:50

• 我唯一做错的事情是... then deal with it! -RiskBiz- ♂ (0 bytes) () 09/03/2009 postreply 11:12:27

• It was NOT she who cost your loss -hhhh1j- ♀ (70 bytes) () 08/29/2009 postreply 07:53:48

• Or you can say, -nikwasi- ♀ (79 bytes) () 08/31/2009 postreply 00:41:41