What is an Attorney’s escrow?
Do you intend to buy a property or share in a business company?
Do you want to ensure that your funds are paid to the seller only after the transfer of ownership?
Do you want to ensure that your property or business share is transferred to the buyer after payment of the funds?
The easiest way to secure your position, whether you are a buyer or a seller, is to use attorney´s escrow.
In which situations c and how an escrow be used?
Escrow, traditionally, is frequently used when buying and selling real estate, or transferring businesses, shares or stakes in a company. Due to the flexibility and speed with which we provide our services, our escrow service is also a convenient alternative for all estate agents.
Once the funds are on the lawyer’s account, the lawyer will send a proposal for change to the relevant Land Registry / Commercial Register.
The escrow of money by an attorney is used to ensure that contractual parties will duly perform their contractual obligations. Attorney (the transferee) acts as a third, independent party, with whom monies are deposited until the contract is performed. Escrow allows you to plan your transaction without the usual concern for the safety of your funds, even if you are not entirely sure that the other party will perform the contract.
We are able to provide you with comprehensive services related to your business transaction, but if you are only interested in carrying out the escrow, the price is 4.000, – CZK without VAT.
Na Poříčí 26, Praha 1
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