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October 9, 2014 02:57:54 PM
1 person recommended this |
In reply to Nicole, Milford
Thanks for connecting with us here on TD Helps, Nicole.
If you are looking to open an Escrow Account, which can be used for renting properties with long term tenants, the Landlord can open this account at any TD Store location. The Tenant does not have to be present at the opening of the account. If the Tenant is to be responsible for the taxes, please bring a completed W-9 form for the Tenant to the opening of the account. Here is a copy of the W-9 form: http://1.usa.gov/1gkV6oH, which can be printed and filled out ahead of time.
When you go to the TD Bank Store to open the account, you also need to present valid identification, acceptable forms of identification for you would be: State License, State ID or Passport, as well as a copy of the Lease Agreement. Check out http://bit.ly/TDStores to locate a TD Bank near you. If you have any additional questions regarding our Escrow Accounts, please feel free to contact our Escrow Operations at 866-327-7450, or you can contact our Banking Specialists at 1-888-751-9000, available 24/7.
Thanks again for reaching out, Nicole, and thank you for choosing TD Bank!
Katherine G, Mount Laurel
October 9, 2014 02:59:34 PM
In reply to Katherine, Mount Laurel
When you said "If the Tenant is to be responsible for the taxes, please bring a completed W-9 form for the Tenant to the opening of the account." How do we know if Tenant is to be responsible for the taxes? Can landlord be responsible for the taxes?
June 1, 2017 01:38:57 PM
In reply to Holly, Boston
Welcome to the conversation, Holly.
It is possible that either party, the landlord or tenant, may be responsible for the interest earned on any potential account. This is dependent on the type of account you're planning on opening. Because of this, we recommend reaching out to your local TD Store for assistance. Once you've discussed your needs, they can also advise on which type of documents may be needed at account opening.
Please refer to our Store Locator found here: http://go.td.com/1f9DSJR to review TD Stores and their contact information.
We hope to hear from you soon, Holly!
Megan K, Mount Laurel
June 1, 2017 01:39:08 PM