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08-24-2009 , 04:05 PM

craigmarq

old hand

Join Date: Jan 2007 Posts: 1,561

I rented a place in Vegas this summer and escrowed a security deposit. I need to write a letter telling the escrow how to release the funds, but I want the property owner to sign document saying that in accepting the released funds she agrees that I am no longer liable for anything relating to the property.

Anyone able to help out?

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08-24-2009 , 04:17 PM

kmak

adept

Join Date: Nov 2006 Posts: 821

Escrow agent, please release the funds upon receipt of this letter signed by the property owner below. Property owner, please acknowledge that in accepting the released funds you agree that I am no longer liable for anything relating to the property by signing below.

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08-24-2009 , 04:31 PM

Howard Beale

Formerly red

Join Date: Sep 2005 Posts: 22,190

More specifically:

Your name and address

Property owners name and address

Sir:

Regarding my escrow deposit I hereby request the following:

Please send a letter to the escrow agent (copy to myself) stating that you request they release the escrowed funds to you and that by accepting same you release me from any and all liabilities regarding the rental agreement. I have instructed the agent to release the funds upon receipt of your letter.

Thank you,

(signed)

cc: Escrow agent w/ name and address.

----------------------

Send a copy to the escrow agent w/ an additional paragraph authorizing them to release the funds upon receipt of the letter.

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08-24-2009 , 04:46 PM

craigmarq

old hand

Join Date: Jan 2007 Posts: 1,561

Thanks a ton.

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08-24-2009 , 04:55 PM

monkeycowboy

centurion

Join Date: Sep 2007 Posts: 184

Just curious how bad did you trash the place and/or what damage did you hide?

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08-24-2009 , 09:05 PM

2/325Falcon

Conehead

Join Date: Aug 2005 Posts: 21,799

Is there a dead hooker behind the drywall?

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08-24-2009 , 11:06 PM

craigmarq

old hand

Join Date: Jan 2007 Posts: 1,561

Someone we had over passed out drunk on the couch after being in the hot tub and the chlorine soaked into the couch and ruined it. We agreed to pay for it, but then the lady came to me with a $6k estimate. When I asked for the receipt of the old couch, she started getting angry and yelling and telling me that the original couch cost her over 8k. Then she finally submits the receipt to escrow and the couch was only $3600. With her acting this shady I want to make sure my ass is covered.

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08-24-2009 , 11:37 PM

Sholar

Carpal \'Tunnel

Join Date: Jul 2007 Posts: 6,357

$3600 new? You should probably only be paying the depreciated value...

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08-25-2009 , 12:53 AM

TheNoodleMan

Wet Noodle

Join Date: Jan 2005 Posts: 16,566

Quote:

Originally Posted by craigmarq

Someone we had over passed out drunk on the couch after being in the hot tub and the chlorine soaked into the couch and ruined it.

lol, we had the exact same thing happen a couple years ago at our vegas summer rental. We just turned the cushions over and no one ever said anything about it. It was a fairly light beige though so it wasn't too noticeable.

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08-25-2009 , 12:57 AM

#10

craigmarq

old hand

Join Date: Jan 2007 Posts: 1,561

Quote:

Originally Posted by TheNoodleMan

Unfortunately this couch was white and the cushions didn't flip so GG us.

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08-25-2009 , 03:18 AM

#11

BeaucoupFish

Pooh-Bah

Join Date: Jun 2005 Posts: 4,575

Quote:

Originally Posted by Sholar

$3600 new? You should probably only be paying the depreciated value contents insurance deductible...

(either hers or yours)
no?

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