Which document is usually involved in an escrow arrangement?

In an escrow arrangement, the most relevant document is the purchase agreement. This document outlines the terms of the sale between the buyer and seller, including the purchase price, contingencies, and timelines. When an escrow is established, the purchase agreement is typically the document that is placed in escrow along with any deposits, ensuring that both parties adhere to the agreed-upon conditions before the transaction is finalized.

While the other documents mentioned can play a role in real estate transactions, they do not specifically pertain to the escrow process in the same way. An appraisal report provides an estimate of the property’s value and is usually completed before closing but is not placed in escrow. A leasing contract is related to rental agreements, not the sale of property, and a title deed represents ownership but is usually transferred after the escrow process is completed, rather than being part of it. Thus, the purchase agreement is the central document involved in escrow arrangements, making it the correct choice.