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

Categories faq: Operator, tenant & Landlord

How does Castler’s escrow service work for operator, tenant, and landlord use cases?

Castler’s escrow service works by holding the security deposit and rent payments in trust until the end of the lease term. If there are any disputes between the landlord and tenant, Castler will hold the funds until the dispute is resolved.

What is an escrow service?

An escrow service is a third-party that holds funds in trust until all parties involved in a transaction have agreed to the terms of the transaction.