In Indian real estate transactions escrow payment is a common term referring to the portion of a payment that is designated to pay for property after conditions to the transaction are met. In other words an escrow agreement is a contractual arrangement in which a third party receives and disburses money or documents for the primary transacting parties, with the disbursement dependent on conditions agreed to by the transacting parties. It could also be an account established by a bank for holding funds on behalf of the parties until the consummation or of a transaction. You could view a sample escrow agreement commonly referred to in selling and purchasing property. Separately you could have one ordered for yourself at the under mentioned cost.
