Albuquerque New Mexico Escrow Agent Clauses: Contract for Real Property
Category:
State:
Multi-State
City:
Albuquerque
Control #:
US-C-CL-660-1
Format:
Word;
Rich Text
Instant download
Description
A clause dictates the conditions under which the contract is legally enforceable and determines the terms of the contract. Contracts often contain boilerplate clauses or standard clauses found across most contracts. These standard clauses do not require a lot of negotiation. Included is a Sample Escrow Agent Clauses for a Contract for Real Property. In a real estate escrow agreement, the buyer and seller agree to have a neutral third party — an escrow agent – hold the buyer's funds while the contractual conditions and obligations of each party are fulfilled. Escrow accounts provide protection to all parties involved in the transaction.
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