ESCROW SUMMARY
Reservation Deposit (10%, held in escrow):
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Platform fees (none on reservations):
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Escrow agent fees (paid from escrow interest):
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DUE AT RESERVATION:
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The deposit is held in escrow by Truist Bank with principal intact. Annual escrow agent fees are paid from interest earned on the escrow account, with any shortfall paid by the buyer; the balance of interest accrues to the buyer. One-time escrow framework costs are borne by the project sponsor. Extraordinary legal fees are pass-through if incurred. All escrow terms are subject to the escrow agreement and the escrow agent's approval.
By submitting, you agree to Mazipan's Terms of Service and acknowledge that the reservation deposit is irrevocable by the buyer and is returned in full if the project does not meet its defined development milestones, as set out in the escrow agreement.