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

Categories faq: Rental Escrow

How does rental escrow work?

When a tenant rents a property, they will typically pay a security deposit and rent payments to the landlord. With rental escrow, these funds are instead deposited into a Castler account. The landlord will not be able to access these funds until the end of the rental term, and the tenant will not be able to access them until they have vacated the property and the landlord has approved their security deposit refund.

What is rental escrow?

Rental escrow is a service that holds the security deposit and rent payments in a neutral third-party account until the end of the rental term. This helps to protect both the landlord and tenant in case of any disputes.