Escrow Release Form With Payment In King

• Category: Real Estate - Escrow
• State: Multi-State
• County: King
• Control #: US-00192
• Format: Word; Rich Text

Description

The Escrow Release Form with Payment in King is a legal document designed to facilitate the release of funds held in escrow upon completion of a construction project. This form allows the undersigned parties to release the escrow agent from obligations associated with a prior construction completion agreement. Key features of the form include the provision for the authorization of disbursement of remaining funds and a declaration by the undersigned that no outstanding claims exist for labor or materials related to the project. To fill out the form, users should accurately complete the fields for the escrow agent, construction agreement date, and signature lines for all parties involved. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in real estate transactions or construction projects. It ensures that all parties are protected by confirming the absence of claims against the escrow agent or property. The simplicity of this form makes it accessible for users with limited legal experience, ensuring clarity and transparency in the transaction process.