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REPAIR ESCROW AGREEMENT (Land Trust Revision Date 01312003)This Repair Escrow Agreement Land Trust (“Agreement “) is made and entered into, to be effective as of, by, a (“Trustee “), not personally
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This repair escrow agreement is a contract between a borrower and a lender where funds are set aside for repairs or improvements to a property.
The borrower and the lender are required to file this repair escrow agreement.
The repair escrow agreement must be filled out with details of the repairs or improvements needed, the amount of funds being set aside, and the terms and conditions agreed upon by both parties.
The purpose of this repair escrow agreement is to ensure that the necessary repairs or improvements to a property are carried out and funded appropriately.
The repair escrow agreement must include details of the property, the repairs or improvements needed, the amount of funds being set aside, and the terms and conditions of the agreement.
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