Chicago Title NCS Chicago: SYFCREC 2021

Surviving Your First Commercial Real Estate Closing I Escrow Agreements & The Closing Process Standard Provisions Amendments 13 o Recitals o Disbursement procedure and disputes o Investment of funds and the right to commingle o Notices o Amendments o Escrow Termination Date o Only by written instruction from Buyer, Seller, and Escrow Agent Surviving Your First Commercial Real Estate Closing I Escrow Agreements & The Closing Process Standard Provisions Escrow Termination Date 14 o Recitals o Disbursement procedure and disputes o Investment of funds and the right to commingle o Notices o Amendments o Escrow Termination Date o For Post-Closing Agreements o Final disbursement date o Prevents the Title Company from holding funds for an indefinite amount of time 13 14 154