Updated almost 9 years ago on . Most recent reply
Question about Baltimore county, Maryland Escrow account
Question about Baltimore county, Maryland Escrow account. I know Baltimore county requires Escrow but not sure if separate Saving account can be used as an escrow account.
- Do I have to have an Escrow account or can I use separate saving account for tenant's security deposit?
- Do I open escrow/saving account separate for each tenant?
Thank you in advance for your reply,
Nick Patel
Most Popular Reply
You do not need an account called "Escrow" by the bank it just needs to be a separate account from your general funds. All security deposits can go into one account.