Escrow Agreement

Escrow Agreement

Effective Date: [Date]

Parties:

• [Escrow Agent’s Name] (“Escrow Agent”)
• [Buyer’s Name] (“Buyer”)
• [Seller’s Name] (“Seller”)

Property: [Property Address]

Consideration:

In consideration for the exchange of the Property, the parties agree to enter into this Escrow Agreement (the “Agreement”).

Escrow Agent’s Responsibilities:

• To hold the Escrow Fund in trust for the benefit of both Buyer and Seller.
• To release the Escrow Fund to the Seller upon receipt of the Buyer’s funds and fulfillment of all conditions of the Agreement.
• To mediate any disputes between Buyer and Seller arising out of the Escrow Fund.

Buyer’s Responsibilities:

• To deposit the Escrow Fund in the amount of [Escrow Fund Amount] by [Deposit Deadline].
• To provide evidence of funds to the Escrow Agent upon request.
• To fulfill all conditions of the Agreement, including payment of the purchase price and obtaining financing.

Seller’s Responsibilities:

• To deliver the Property in accordance with the terms of the Agreement.
• To provide clear title to the Property.
• To cooperate with the Escrow Agent in resolving any disputes.

Conditions of Escrow:

• The Escrow Fund must be deposited by the Buyer on or before the Deposit Deadline.
• The Buyer’s funds must be verified by the Escrow Agent.
• The Seller must deliver the Property in good condition and clear title.
• All conditions of the Agreement must be met.

Fees:

The Escrow Agent shall be entitled to charge fees for its services as follows: [Fee Schedule].

Term:

This Agreement shall remain in effect until the Escrow Fund is released or the parties terminate it in writing.

Governing Law:

This Agreement shall be governed by and construed in accordance with the laws of the State of [State].

Signatures:

• [Escrow Agent’s Signature]
• [Buyer’s Signature]
• [Seller’s Signature]

Date: [Date]Date: [Date]Date: [Date]