Escrow Agreement

Escrow Agreement : Please fill out the following Escrow Agreement. Please print your completed form if you would to have a copy for your records.

AGREEMENT between (Name of the Seller), (Name of the Buyer) and (Escrow Agent).

Simultaneously with the making of this Agreement, Seller and Buyer have entered into a contract (the Contract) by which Seller will sell to Buyer the following property :

(Enter address and legal description of the property)

The closing will take place on (DATE) at 10 a.m. at the offices of (Enter the name of the applicable office) located at (Enter the address of the applicable office) or at such other time and place as Seller and Buyer may jointly designate in writing. Pursuant to the Contract, Buyer must deposit $ ______as a down payment to be held in escrow by Escrow Agent.

The $_______ down payment referred to hereinabove has been paid by Buyer to Escrow Agent. Escrow Agent acknowledges receipt of $________ from Buyer by check subject to collection.

If the closing takes place under the Contract, Escrow Agent at the time of closing shallpay the amount deposited with Agent to Seller or in accordance with Seller’s writteninstructions. Escrow Agent shall make simultaneous transfer of the said property to the Buyer.

If no closing takes place under the Contract, Escrow Agent shall continue to hold theamount deposited until receipt of written authorization for its disposition signed by both Buyerand Seller. If there is any dispute as to whom Escrow Agent is to deliver the amount deposited,Escrow Agent shall hold the sum until the parties’ rights are finally determined in an appropriateaction or proceeding or until a court orders Escrow Agent to deposit the down payment with it.If Escrow Agent does not receive a proper written authorization from Seller and Buyer, or if anaction or proceeding to determine Seller’s and Buyer’s rights is not begun or diligentlyprosecuted, Escrow Agent is under no obligation to bring an action or proceeding in court todeposit the sum held, but may continue to hold the deposit.

Escrow Agent assumes no liability except that of a stakeholder. Escrow Agent’s dutiesare limited to those specifically set out in this Agreement. Escrow Agent shall incur no liabilityto anyone except for willful misconduct or gross negligence so long as the Escrow Agent acts ingood faith. Seller and Buyer release Escrow Agent from any act done or omitted in good faith inthe performance of Escrow Agent’s duties.

Special provisions :

Whereof the parties sign their names this day of (date).

Signed in the presence of :

Witness :

Witness :

Witness :

Seller :

Buyer :

Escrow Agent:

Basic Agreement Forms Index

Escrow Agreement

Letter Asking A Donation
Letter Asking A Favor
Letter Asking for More Details
Letter Asking for Donations
Letter Denying of Dealership
Letter for Change of Address
Letter for Distributorship
Letter for Employment
Letter for Hotel Reservation
Letter for Letter of Credit
Letter for Line of Credit
Letter for Product Launch
Letter for Promotion
Letter for Retirement Congrats
Letter for Scholarship
Letter for Settlement of Bill
Letter for Tender
Letter for Testimonial
Letter of Agreement
Letter of Assurance
Letter of Credit
Letter of Enquiry
Letter of Order
Letter of Persuasion
Letter of Sympathy
Letter Offering Discount
Letter Related to Advertisement
Letter Related to Despatch
Letter Related to Training
Letter to A Foreign Buyer
Letter to Pen-Friend
Letter to Police
Letter with Order
Letter with Quotation
Letter Writing
Letters about Company Shares
Letters by Clubs and Societies
Letters by Landlords & Tenants
Letters for Appointment of Dealers
Letters for Business Relations
Letters for Buying and Selling
Letters for Credit & Collection
Letters for Foreign Travel
Letters for Lease & Tenancy
Letters for Loan & Borrowing
Letters for Transfer & Assignment
Letters for Insurance
Letters Noting Discrepancy
Letters of Condolence & Sorrow
Letters of Regret
Letters Regarding Maintenance
Letters Regarding Payment
Letters Related to Employees
Letters to Local Corporation
Letters to Postal Authorities
Letters to The Editor
Letters Used in Real Estate
Letters With Postal Department
Letters With Railways Authorities

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