Rental escrow provides benefits for both tenants and landlords. For tenants, it can offer assurance that their rent payments are being handled securely and fairly. For landlords, it can help mitigate the risk of non-payment or disputes by ensuring that funds are available when lease conditions are met.
If there's a dispute between the tenant and landlord regarding the rental agreement, the escrow funds may be held until the dispute is resolved. In some cases, the escrow agent may act as a mediator or arbitrator to help resolve the dispute.
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