Can I get my full security deposit back if changed my mind about moving in?

Question Details:

We gave a landlord a deposit and he he faxed us an agreement later that day to sign so he could except the deposit; this was on the 27th. We were to then meet on the 28th to sign the lease, pay the first months rent and get the keys. However on th 28th we found another apartment and decided we were not going to move in to the first place so we wanted our deposit back. The landlord will not refund the full amount. He says that he will give us half now and the other if he can rent it in 2 weeks. He also wants us to sign an agreement saying we will not sue him in order to get the first half? What is the legal view on this situation?

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