In discussion, not under contract though - legally obligated?

[Angela P.]

All - I have a moral and business conundrum.

I have been in discussions with prospective tenants. They meet my credit score, income, reference checks. We haven't signed the official contract yet, but they have a copy we've been back and forth about.

I received a call from another person asking about the property who asked me if I had the ability to back out with tenant #1 if they paid me an extra $200/month above asking rent.

Morally I feel horrible about backing out on the original tenants. The prospective tenant #2 makes more money, and is willing to pay me more for the property.

Is this something I should even consider? What would you do?