Escrow Agreement
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Sewage Compliance Escrow Agreement — Borough of Ebensburg
This is a legal form used in the Borough of Ebensburg, Pennsylvania, to secure compliance with sewage system requirements during property transactions. It ensures that funds are held in escrow to cover any necessary repairs to the sanitary or stormwater system if violations are found.
Key Details Required from Parties
Seller Information:
- Name, property address, email, and phone number must be provided.
Purchaser Information:
- Signature, printed name, and contact info (phone/email) required.
Security Holder:
- Agent holding the escrow funds must sign and provide phone/email contact.
Purpose of Escrow
- The seller provides a security deposit (minimum $2,000. 00, or higher based on estimated repair costs) to guarantee funds for fixing sewage/stormwater issues.
- Funds are held by a designated agent until compliance is achieved or the temporary certificate expires.
Conditions & Timelines
Reason for Temporary Certificate (check one):
- Project details not yet determined by Borough
- Other (specify)
Air Pressure Test Deadline (check one):
- Within 14 days
- Within 180 days of notice issued by Borough
- Other (specify)
Legal Obligations
Purchaser Acknowledgment:
- Understands they are responsible for all repair costs, even if those exceed the escrow amount.
- Authorizes the Borough to enter the property (with notice) to complete work if the purchaser defaults.
Borough’s Rights:
- Determines when the Temporary Certificate expires.
- May forfeit the escrow and use it to complete remedial work if obligations aren’t met.
Important Notes
- This agreement applies only to properties requiring sewage compliance verification under Borough regulations.
- All parties must sign before the transaction can proceed with a temporary certificate of compliance.
This form protects both buyers and the Borough by ensuring financial responsibility for environmental infrastructure repairs is clearly assigned and secured upfront.