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here are a few alternatives to lease escrow, including:
Renting directly from the landlord
Renting from a property management company
Renting from a co-op or condo
A security deposit is a sum of money that is held by the landlord in case the tenant damages the property. Lease escrow is a process where funds are held by a third party on behalf of both the landlord and tenant. Lease escrow can provide more protection for both parties in the event of a dispute.
There are a few things you can do to protect yourself from the risks of lease escrow, including:
Choose a reputable escrow provider
Read the terms of the lease agreement carefully
Get everything in writing
Keep copies of all documents