Approval of all parties needed for Pay-out and Pay-in
3rd Party Escrow Trustee
SEBI regd. Trustee's approval needed for Payout
Super Quick and Easy
Draft Agreement in 2 minutes
Protect yourself against the Risk of:
Digital Escrow Solutions
Creator adds property details for the Escrow Agreement
Creator adds buyer, seller and agent details
Creator adds Escrow arrangement details like Escrow amount etc.
Creator Pays the Escrow fees.
Approval & Payout
Parties complete their details including KYC
E-signing of Escrow Agreement by Parties
Escrow amount deposited into the Escrow account by Payers
Escrow Amount Settlement
Settlement Initiation by any party
All parties approve the settlement request through E-Sign
Settlement from Escrow Account to Beneficiary Account after SEBI regd. Trustee's approval
What Our Clients Say
Our clients praise us for our great result, personable service, expert knowledge and on-time delivery. Here are what just a few of them had to say:
20 Fed 2022
Square Yards’s online escrow agreement service acts as a one-stop-shop for tenants like me.They helped me with choosing the best option & gave the best service .Really appreciate the facility. Square Yards is a highly recommendable platform for tenants and landlords. Creativity combined with excellent technical capabilities, I am thankful to Square Yards for its services and will certainly use it again and again.
16 March 2022
Really appreciate the ease Square Yards’s online escrow agreement facility provides.Several options are available in terms of locations, property type and price .It is as if they know what a customer generally goes through and have tried to address the very same issues. Good customer service and interaction with Impeccable assistance throughout the entire process of escrow agreement service.
8 Apr 2022
Square Yards has handled all of my Land Title Investments and Rental Engagement. Square Yards provides professional yet personable service at a very reasonable price. Their turn around time is extraordinary, as I have been able to close as quickly as 5 days. Very satisfied with the handling of my contracts. I highly recommend Square Yards Escrow Services
Frequently asked questions
For any help, feedback, or queries with the Escrow Agreement creation process, connect with us at [email protected]
What is an Escrow service?
Escrow is a service that facilitates the transfer of funds by one party (e.g. buyers, tenants etc) to an Escrow account which is finally transferred to other party (e.g. Sellers, landlords etc) upon the completion of certain conditions agreed by all the parties. In the context of real estate, this service can be used during sale and rent transactions.
What is an Escrow Account?
An Escrow account is just like savings account which is managed by a third party where the fund is deposited by one party (e.g., Buyer, Landlord etc) and is held until certain conditions are met.
What are the advantages of using Escrow Service?
Escrows helps in routing funds from one party to other party in a safe and secure mode way. Escrow safeguards the rights of all the parties including buyer, seller and broker as the funds are held in a neutral bank account and routed based on pre-defined conditions.
What is a Digital Escrow?
A Digital Escrow helps customer setup escrow service and account completely online. This involves doing E-KYC of the parties online along with digital stamping of Escrow agreement which is further E-signed. An Escrow account is created after which funds transfer can be managed easily through the panel.
How much time does it take to create an Escrow?
Escrow creation process is very easy with us. With a user-friendly flow, you can create an Escrow Agreement within minutes.
Can I cancel an Escrow agreement?
Escrow agreement can be cancelled at any time through mutual understanding and after approval of all the parties.
Can the funds deposited be released at any point of time?
Funds deposited in the Escrow account can be released when any of the party initiate the settlement at any point of time and approved by all the parties.
Is the fund deposited in Escrow account secured?
Absolutely, the funds that are deposited into the Escrow account is completely secured. Any flow of funds in or out of Escrow Account must be agreed upon and approved by all the parties beforehand. With a SEBI regd. Trustee making sure all the transactions are completely authorized, you can be 100% sure that your money is secured.
What is the role of Trustee in Escrow Agreement?
The SEBI regd. Trustee acts as a non-biased third party protecting interests of all parties involved in the transaction. It holds money and documents and works to ensure that all terms are duly followed before allowing the deal to proceed. It thus acts as a fiduciary to both buyer and seller, ensuring your transaction is completely secure.