Escrow Release Form With Payment In Pima

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

Description

The Escrow Release Form with Payment in Pima allows parties to formally release an escrow agent from their contractual obligations related to a construction completion and escrow agreement. This form authorizes the escrow agent to disburse all remaining funds to the signatories, provided there are no outstanding claims for labor or materials associated with the project. It is crucial that the individuals signing the form confirm that they do not hold any claims against the escrow agent or the corresponding agreement. Key features include clear lines for signatures, a space for listing the escrow agent's name, and direct instructions for completion. To fill out the form, parties should accurately enter the agreement date, the escrow agent's information, and provide signatures on the designated lines. Use cases for this form are prevalent among attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate and construction transactions. It serves to expedite the release of funds once contractual obligations have been fulfilled, ensuring a smooth completion of the project. The form also helps minimize disputes by requiring signatories to affirm no existing claims exist, thereby protecting all involved parties.