Product Description

NE0196 Escrow Agreement Template – English

Product description

This is an Escrow Agreement template in English.

We also have an Arabic version of this template with Number NA0196.

Why you should buy this template?

An Escrow Agreement is a specific contract usually used in real estate transaction to demonstrate that the Buyer is serious and willing to demonstrate an earnest of good faith about wanting to complete the transaction. In a way is more like a security deposit made in some transactions when the Buyer shall deposit a certain amount which shall be held by a neutral party, such as an escrow agent. When the transaction is settled then the deposit is applied to the buyer’s portion of the remaining costs. If the offer is rejected, the Escrow is usually returned, since no binding contract has been entered into.

The contract is a useful tool which organizes all aspects of an Escrow Agreement protecting the parties involved by specifying the conditions under the deposit shall be released. This Agreement is the quickest, easiest way to solidify the relationship between buyer and seller and help both parties to be honest until the final purchase agreement is closed and the amount is transferred.

This template is an agreement that covers all the areas required for Escrow Agreement including the basic information of the parties involved, aspects about down payments of a house and releases of the funds.

Template content:                                           

This template includes the following sections:

RECITALS

1. Closing Date
2. Release of the Funds
3. Establishment and Receipt of the Escrow Account
4. Specific Clauses

For whom is this template designed and for which country?

This template is designed for English speaking countries.

Template Category: Legal.

Skills used in designing this template: Legal drafting. Knowledge of Escrow Agreement and deposits.

Price: The normal price of this template is 400 USD, you can get it now for 40 USD.