The Escrow Agreement (Form ESC) is used when money must be placed in escrow in order to proceed with settlement. This escrow agreement template can be used to identify an escrow agent and establish an escrow agreement between a buyer and seller.Applicant must complete and execute IRS form W-9, etc. In order to facilitate opening of the Escrow Account. Borrower agrees to provide access to the property in order to complete the improvements and for the inspections. Utilize the provided escrow holdback agreement addendum template, available in both Microsoft Word and PDF formats. In the Commonwealth of Pennsylvania (hereinafter "Professional Arbitrator"). Any investment income received on the Escrow Cash will be deposited into the Escrow Account and invested with the other Escrow Cash. A traditional escrow account agreement is often used in real estate transactions to help ensure that the funds are available and allocated at closing.