In term of rental property the escrow agreement may drive as a legal paperwork which makes sure that the deal between the parties runs smoothly. This agreement will be kept in the custody of escrow agent. It’ll use to handle the disputes that could be occurred between landlords and tenants. This written agreement will secure a deposit against damage. Thus, this agreement will work as a solid component that will protect the rights of parties and will ensure the transaction.
Escrow Agreement for Rental Property Preview;