Is there a charge for an escrow account?

My landlord is going to owner financing the home I am renting so I can purchase it. Their attorney has drawn up a contract. The attorney is claiming to be the escrow agent and is adding money into the monthly payment, I am guessing for an escrow fee ($11.69). Is that normal to pay an escrow fee. Should the lender/landlord pay this fee. We really don’t need one as I am paying the lender/landlord principal & interest and I am taking care of insurance and taxes myself.

Posted in Landlord Tenant Law.

Leave a Reply

Your email address will not be published. Required fields are marked *