Notary escrow account
What this is about
An escrow account is a tripartite contract in which two contracting parties entrust a third party with the mandate to settle the purchase and sale of movable and immovable property, but also of shares in companies or business units. Following the conclusion of the escrow account agreement, the parties deposit with the third party the asset or document subject to the transaction and its countervalue in money. The deposited asset or sum is administered on behalf of the depositor until such time as it is delivered to the buyer upon fulfilment of a specified condition.
The role of the notary
When concluding an escrow account agreement, the notary acts as a third party (escrow agent) between the parties and has the task of guaranteeing the proper execution of the agreements concluded between the contracting parties.
Fiordiliso Lupoli firm offers its experience and seriousness to assist you in the execution of these transactions.
