Fill in Release of Escrow on Cancellation

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Release of Escrow on Cancellation

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The parties and property
The escrow
Release trigger and distribution
Disputed funds, fees and signing

Step 1 of 4

The parties and property

What is the seller or transferor's full name?Needed

For example: Harpreet Singh

What is the seller's address?Needed

House / flat / plot no.

Street, sector or locality

City area and PIN code

What is the buyer or proposed purchaser's full name?Needed

For example: Aarav Sharma

What is the buyer's address?Needed

House / flat / plot no.

Street, sector or locality

City area and PIN code

Who will hold the executed record?Needed

For example: Kagaznama

What property does the transaction concern?Needed

House / flat / plot no.

Street, sector or locality

City area and PIN code

What type of property is involved?Needed

How should the property be identified?Needed

Include plot/unit, area and project details.

A long answer. Several lines are fine, and a break you make between paragraphs is the break the document keeps.

For example: Residential plot measuring 500 square yards.

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RELEASE OF ESCROW ON CANCELLATION

Buyer: __________, __________. Seller: __________, __________.

1. RELEASE TRIGGER

2. DISTRIBUTION

3. DISPUTED FUNDS

4. FEES AND DISCHARGE

These instructions operate only within the escrow arrangement and do not themselves rescind, cancel or convey the underlying property transaction.

5. SIGNATURES

PERSONAL DATA NOTICE

This notice is given under the Digital Personal Data Protection Act, 2023.

Personal data in this document is collected only to instruct and evidence distribution of escrow funds after the identified property-sale cancellation, communicate about that purpose, verify expressly supplied transaction information, and retain an evidentiary record.

The record will be held by __________ and may be shown only to the buyer, seller, promoter/developer, authorised broker, advocate, lender, escrow holder, tax adviser, registering authority or other person directly involved in the stated cancellation, refund or settlement.

If the transaction is abandoned without a completed settlement, personal data will be retained for 90 days from that decision and then erased. If a cancellation, refund or settlement is completed, the record will be retained for that matter plus 12 months, except where a statute requires a longer named retention period.

Data minimisation: this document does not collect a full Aadhaar number, an Aadhaar-card copy, a password or bank credentials, and none should be written into it. Use only transaction references and identity particulars genuinely required for the stated purpose.

Record-holder: __________

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