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An initial escrow deposit is the amount that you will pay at closing to start your escrow account, if required by your lender. This initial amount may be different from what you pay monthly to maintain the escrow account.
You can get the necessary information and forms from the court or housing department that is named in your rent withholding statute. Step 6: Deposit your rent in escrow. In some states, you may have to deposit your rent with the specified local court or housing agency or in a separate bank account.Even if your statute does not require this, we recommend that you deposit the withheld rent into an escrow account held by a neutral third party. whether you must give the landlord a certain amount of notice (ten to 30 days are typical) to fix the defect, or whether the response time must simply be âreasonableâ under the circumstances, and. 2  whether you must place the unpaid rent in a separate bank account or deposit it with a court or local housing agency.