What is escrow and how does it work? 
Relationship of the parties to the escrow agreement
According to the escrow agreement, the participation of three parties is stipulated. It is a depositor, a beneficiary and an escrow agent. Both legal and physical persons can be in the role of the depositor and the beneficiary. Their status is not limited by law, so this scheme is not only entrepreneurial.
The role of the escrow agent is very important. He is the guarantor of the transaction. The law also does not limit his official status. Banks and notaries can perform this role. For notaries, this type of activity is not completely new. Earlier, notaries took cash and securities on deposit to later transfer to the creditor.
For credit institutions (banks), this service is becoming more and more popular, albeit a newer one. As escrow agents, banks and notaries are more credible but they charge more for their services than just an “intermediary”, as it is the price of security guarantees. This function is often performed by lawyers and licensed specialized commercial structures.
So, according to the law, an escrow agent is any third party competent, legally capable, independent, acting as an intermediary between the depositor and the beneficiary. He must verify the correctness of the fulfillment of the transaction terms by both parties, and only then transfer the funds (property) entrusted to him to the beneficiary.
When making bilateral deals, which is common in civil law relations, a mutual escrow is legally stipulated, in other words, two parties to the contract appeal to an escrow agent at the same time. That is, each side acts simultaneously as a depositor and as a beneficiary. Such a construction is often used if the contract was concluded, but the parties did not fulfill it or the trust between them was not complete due to some circumstances. To guarantee the fulfillment of the contract, the parties turn to the services of an escrow agent. He acts as a kind of "arbitrator" in such complex transactions. But mutual escrow is not necessarily used only in conflict situations, it can be an ordinary bilateral transaction.
Before learning about the Club opportunities for vacation, I faced an offer to buy a flat in the UAE. I liked the idea, cost and location of the proposed property. I became the full owner of a two-room apartment. Even when I was in the process of purchase of the apartment, I was immediately offered the option of transferring the purchased flat to the trust management of a special company, which for the agreed interest assumed the responsibility for renting my flat for the periods when we did not plan to be in Dubai. Everything seemed logical and economically feasible. High cost of rental housing in Dubai promised a pleasant benefit. However, it turned out that there was a small nuance, the importance of which I realized immediately when I received the first estimate for utility bills for the flat. Emirates is an amazing country with its pace of development and high standard of living, but it also has high utility bills for non-residents. This country has experienced a boom in the purchase of real estate by foreigners, but many caught it on this "hook" with utility costs, information on which was not provided to me in full when buying a flat. As a result, the amount of profit was several times less than expected and the return on investment lasted for 25 years. But, on the other hand, it is this experience that allowed me to appreciate the offer made to me by Alliance Family Club. Along with the cost that paid off in just a few years of our family travels with the Club, I liked how clearly information about the management fee was provided. Having become the owner of the preferred share of "Global Actual Services", I was also able to participate and control club expenses for the maintenance of apartments. Now I understand and realize the economic validity of such set of dimensions of managerial contributions. I can enjoy my holidays indefinitely in different parts of the world, paying utility bills only for the time that I use.
Vladimir Kucheryayev (Russia) tells of his impression as a shareholder of the Club
A preferential shareholder of the club Alliance