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Updated over 4 years ago, 06/19/2020
After sale Escrow account to offset unpaid rent, loss of tenants
A buyer wants me as seller to set up an escrow account for after purchase that would last for 4 yrs and cover unpaid base rent or CAM if any tenant vacates before the end of their lease. I’ve never heard of this nor do I think it’s reasonable. Have others heard of this? Done this? Thanks for your input!