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Castler Digital Identifier for Lease Rental Discounting Escrow

Efficient management of lease rental discounting transactions

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India’s largest Digital Identifier Platform

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Workflow of funds using Castler Escrow

01

Parties agree to use Castler Escrow for lease rental discounting

02

Lender transfers loan amount to Castler Escrow

03

Castler Escrow verifies loan amount and lease agreement

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Castler Escrow holds lease rentals and releases discounted amount to lender

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Castler Escrow releases remaining lease rentals to borrower after verification

06

Castler provides ongoing support to both parties for future escrow services

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Castler Solution

Efficient management of lease rental discounting transactions

Verification of loan amount and lease agreement

Reduced risk of disputes and delays

Experienced and reliable escrow agents

Customizable terms and conditions

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Efficient management of lease rental discounting with Castler Escrow

100% Secure | Lowest Price Guaranteed

Benefits for both parties

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FAQ's

What are the tax implications of using Escrow for lease rental discounting?

The tax implications of using Escrow for lease rental discounting will vary depending on the individual’s or business’s tax situation. It is important to consult with a tax advisor to determine the specific tax implications.

What happens if the landlord defaults on their payments?

If the landlord defaults on their payments, Castler will typically contact the landlord to try to collect the payments. If the landlord is unable to pay, the Escrow company may release the funds from Escrow to the tenant.

What happens if the tenant defaults on their payments?

If the tenant defaults on their payments, Castler will typically contact the tenant to try to collect the payments. If the tenant is unable to pay, the Escrow company may release the funds from Escrow to the landlord.

What happens if I have a dispute with the Escrow company?

If you have a dispute with the Escrow company, you should contact the company directly to try to resolve the issue. If you are unable to resolve the issue with the company, you may be able to file a complaint with the state or federal government.

How much does Escrow cost?

The cost of Escrow will vary depending on the Escrow company and the size of the transaction.

How do I choose a reputable Escrow company?

When choosing an Escrow company, it is important to choose a company that is reputable and has a good track record. There are a few things you can do to research an Escrow company:

Check the company’s reviews online.
Ask for references from other businesses that have used the Escrow company.
Make sure the company is licensed and insured.

What are the risks of using Escrow for lease rental discounting?

There are a few risks associated with using Escrow for lease rental discounting. First, there is the risk that the Escrow company could go out of business. If this happens, the funds in Escrow could be lost. Second, there is the risk that the Escrow company could be hacked. If this happens, the funds in Escrow could be stolen.

What are the benefits of using Escrow for lease rental discounting?

There are several benefits to using Escrow for lease rental discounting. First, it protects both the tenant and the landlord. The tenant is protected because they know that their rent payments will be held in trust until the landlord has received payment. The landlord is protected because they know that they will eventually receive payment for their rent, even if the tenant defaults on their payments.

Second, Escrow can help to improve cash flow for both the tenant and the landlord. The tenant can get access to their rent payments immediately, which can help them to cover their living expenses. The landlord can receive payment for their rent on a more regular basis, which can help them to manage their finances.

Third, Escrow can help to reduce risk for both the tenant and the landlord. The tenant is protected from the risk of the landlord not receiving payment. The landlord is protected from the risk of the tenant defaulting on their payments

How does Escrow work for lease rental discounting?

When a tenant signs up for lease rental discounting, they will typically make a one-time payment to the discounting company. The discounting company will then deposit this payment into an Escrow account. The landlord will continue to receive rent payments from the tenant, but these payments will be sent to Escrow instead of the landlord. Once the discounting company has received all of the rent payments that are due, they will release the funds from Escrow to the landlord.

What is Escrow?

Escrow is a service that holds funds in vault until all parties involved in a transaction have agreed to the terms. In the case of lease rental discounting, Escrow is used to hold the tenant’s rent payments until the landlord has received payment from the discounting company.

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Testimonials

I am thrilled to write a testimonial for Castler, a company that has truly transformed the way we handle digital payments and escrow agreements. Thanks to Castler, making digital payments has become incredibly easy and convenient for us. Their platform is intuitive, user-friendly, and secure, making it an ideal choice for anyone looking for a hassle-free payment experience. And I also liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Standardized Pricing, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

 

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Prashanth

Finance manager

And I also liked the features like, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Standardized Pricing, Team Responsiveness, End-to-End Support, Efficient & Effective.

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Dipen Patel

CTO

Castler’s team of skilled professionals quickly understands the latest digital strategies, enabling us with tailored solutions to our unique needs. Their team was always available to answer any questions or concerns. And I also liked the features like, Unified Dashboard, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective.

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Pradeep

CEO & Co-Founder

The process of disbursal through Castler is quick, easy and reliable. The best thing about them is the their team, which is readily available to assist you and give solution to your queries or even helping with last minute disbursal requests. And I also liked the features like, (Unified Dashboard, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

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Rahul Singh

Finance Lead

Quick response time. And I also liked the features like, Multi-Bank Option, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

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Sanu Kumar

Program Manager

Keep up the good work and try to add more features related to operational convenience. And I also liked the features like, Unified Dashboard, 100% Security through Escrow Agreement, Standardized Pricing, Help you Save Time, Money & Effort .

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Nitish Kumar Gupta

Senior Director

Nidhi is a very professional but never forgets to.give some personal touch. She is prompt in her response and gives solution which is very helpful . And I also liked the features like, Unified Dashboard, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort.

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Amruta Shingwekar

Founder

Timely responses and quick solutions to any issues that arose during the course of our engagement have been truly remarkable. Appreciate Nidhi’s & Vineeta’s commitment to delivering high-quality service. And I also liked the features like, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort.

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Akshitha

Strategic Finance

Your executive really helped us with smooth and fast opening of escrow account when we were struggling with the banks for this service.. And I also liked the features like, Team Responsiveness, End-to-End Support, Help you Save Time, Money & Effort.

Preetesh Maloo

Co Founder

“I was thoroughly impressed with their services. The staff was professional, responsive, and knowledgeable, and they made the entire process incredibly smooth and hassle-free. One of the things I appreciated most about Castler was their attention to detail. They were incredibly thorough in reviewing all of the necessary documents and ensuring that everything was in order before moving forward with the transaction. This gave me a lot of peace of mind and helped to prevent any potential issues or complications. And I also liked the features like, 100% Security through Escrow Agreement, Standardized Pricing, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

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Nimith Agrawal

Co-Founder & CEO

Throughout our experience with Castler, we have found their team to be incredibly responsive and supportive. They have been instrumental in resolving any issues that we have encountered in a timely manner, providing us with prompt responses that have helped us keep our operations running smoothly. We cannot overstate the value that Castler has added to our platform, and we are grateful to have their team as a partner in managing multiple accounts through their efficient tool. And I also liked the features like, Unified Dashboard, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

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Shubham

VP Strategy & Operations

Maybe add more banks to partner with. And I also liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort.

Ranjit Sundaram

Founder

Good work And I also liked the features like, Unified Dashboard, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort.

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Santhosh C

Business Development Manager

Castler teams are well co-ordinated & have been standing on feet when support needed during our business peak. And I also liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support .

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Vidhi Bhatt

Co-Founder & Director

Liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support .

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Varun Varada

Finance Manager

Representatives works with a problem solving attitude. And I also liked the features like, Multi-Bank Option, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

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Gaurav Jhajharia

General Manager Business Finance

We are an NBFC, so making payouts used to be a huge challenge for us. However, ever since we started using Castler’s Escrow Services, all our payouts have been automated which saves us time and resources. Also, the team is extremely responsive and are available to solve issues raised almost immediately. And I also liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Standardized Pricing, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

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Anish Bhojani

COO

amazing tech and ux ui. And I also liked the features like, Unified Dashboard, 100% Security through Escrow Agreement, Efficient & Effective .

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Shreyaan Daga

Founder

Castler Product is unique and easy to use, it’s easy to customise as per any use case makes it different from other escrow service .And I also liked the features like,Unified Dashboard, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

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Yash Goyal

Head-Product and Marketing

I think the team behind this is phenomenal and excellent after services after onboarding as well. And I also liked the features like, Unified Dashboard, Multi-Bank Option, Efficient & Effective .

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Gunjan Sangoi

Investment Manager

Making Escrows Easier !. And I also liked the features like, Unified Dashboard, Multi-Bank Option, Modular Product, Fully Customizable, Any Industry Any Use-Case, Efficient & Effective .

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Jyoti Rai

Lead Banking Ops

It’s Wow. And I also liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Standardized Pricing, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort.

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Dr.Joy Shah

CEO

Good Team. And I also liked the features like, Unified Dashboard, Team Responsiveness, End-to-End Support .

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Anandan B

Anandan B

Very good service and quick response . And I also liked the features like, Multi-Bank Option, 100% Security through Escrow Agreement, Efficient & Effective .