Renting : the use of escrow

Last activity 07 November 2017 by andy5m

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andy5mActive member06 November 2017 23:58:08

In a recent thread (`In retrospect, would you move again to Malta?`) ,
there were a few comments on the use of escrow (and of non-Maltese landlords.)
It was suggested that a new thread open in this area. So here it is.

When renting, has anyone used escrow to place the deposit , and had it returned
in full, with no ill-feeling from the landlord?

ToonCyprus Expert07 November 2017 03:56:37

9845

no such thing as escrow in Malta - and I seriously doubt any landlord in Malta / Gozo would accept that arrangement

it will come eventually but probably not in my lifetime

volcaneViP07 November 2017 06:24:45

1063

You do get escrow in Malta but it tends to be a thing only in managing trusts.

Generally if something along those lines are needed a notary can hold onto money with instructions to later release but its not like escrow.

I can't imagine anyone would bother for rentals unless its a hugely expensive property - and then it would probably be some kind of private arrangement involving agents.

andy5mActive member07 November 2017 09:21:57

Thank you, gentlemen.

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