Castler closes Pre-Series A funding of $6 Million led by Flipkart, Capital 2B, IIFL Fintech Fund, Venture Catalysts & Zerodha

What is the difference between lease escrow and a security deposit?

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.