What is escrow and how does it work? 
Responsibility and remuneration of an escrow agent
The question of the responsibility of an escrow agent arises at different stages of the transaction, but the most difficult in terms of significance and evaluation of its actions is the stage of checking the deposited property during the transfer to the beneficiary. Almost the whole part of the transaction depends on the competence and impartiality of the escrow agent, since the decision on the fulfillment of the conditions by the depositor is made by the escrow agent independently, although the contractual requirements are taken into account. But any contract leaves a field for interpretations.
Therefore, it is necessary to register the contract in such detail that the depositor and the beneficiary clearly understand the criteria for the evaluation and performance of this contract by the escrow agent. The moment of the property transfer is either prescribed on a calendar basis or the conditions under which the contract will be considered as fulfilled are specifically stipulated.
The responsibility of an escrow agent should be set forth in the contract text, specifying its occurence and its amount.
To motivate an escrow agent, the point about the amount of remuneration is important. As a rule, the escrow agreement is paid, in other words, the escrow agent is entitled to remuneration for the services rendered, and the other parties to the transaction — the depositor and the beneficiary — are generally jointly liable for the escrow agent under this agreement.
However, the escrow agreement differs from the storage agreement in that the escrow agent does not have the right to retain the deposited property or receive remuneration at the expense of this property, if such a settlement option is not specified by the contract.
What is the reward of an escrow agent? The parties usually stipulate its amount in a separate contract in order not to resolve disputes in court. Courts determine disputed sums of precedent by comparing the cost of similar services in similar circumstances.
Parties must take into account the need for notarization of the escrow agreement. The exceptions are agreements on non-cash funds, non-documentary securities, or various ownership rights in general or in particular.
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