Terms of Escrow Protection & Milestone Custody
Effective: 2019 • Current Master Standard • Fiduciary Trustee: JPMorgan Chase Bank, N.A.
The Core Escrow Pledge
Your down payment is placed in an independent, FDIC-insured escrow custody trust account. The builder/manufacturer is legally barred from receiving disbursements until your container home is physically transported, placed on site, and formally approved during your final walkthrough inspection.
1. Establishment of Escrow Trust Account
Under these Terms of Escrow, all down payments wired by buyers under purchase agreements with Tiny Container House Inc. are credited to an isolated trust account maintained at JPMorgan Chase Bank, N.A. (Routing: 021000021, Account: 847291048291).
Zero Commingling: Escrow deposits are strictly segregated from Tiny Container House Inc.'s operational corporate capital and from builder payroll accounts. Funds remain property of the buyer until verified milestone performance.
2. Monthly Financing Commencement Rule
★ Post-Installation Amortization Trigger ★
Buyer monthly direct debit installments (amortized at 8.99% fixed APR over 36 to 120 months) shall NEVER commence while a home is under construction or in transit. The first monthly debit initiates exactly thirty (30) calendar days after the execution of the final Certificate of Delivery Acceptance.
3. The 4-Tier Milestone Verification Protocol
Disbursements are strictly tied to verified engineering stages:
CAD Engineering & Chassis Framing (0% Buyer Disbursement)
The manufacturer purchases raw ISO Corten steel containers and begins frame cutting. This phase is 100% self-funded by the certified builder. Escrow remains 100% intact.
Factory Pre-Shipment Inspection (0% Buyer Disbursement)
Closed-cell spray foam insulation, MEP rough-ins, and luxury finishes are completed. The buyer receives a 360-degree virtual walkthrough and third-party QA certificate.
Transport, Crane Placement & Site Installation (Freight Release Only)
The container home is loaded onto heavy-haul transport, delivered to your property, and placed onto your chosen mounting configuration (on wheels with leveling jacks or engineered foundation pad).
Physical Walkthrough Sign-Off & Escrow Disbursement Release
The buyer performs an in-person physical inspection of all plumbing, electrical, HVAC, doors, and seals. Only upon counter-signing the Certificate of Delivery Acceptance are escrow funds released to the builder.
4. Delivery Timeline & 100% Refund Guarantee
Standard manufacturing, transport, and site placement is executed within a maximum window of three (3) months from wire receipt. Within two (2) weeks of deposit, our engineering team executes the preliminary property survey.
100% Refund Default Protection: In the extraordinary event that a manufacturer defaults on delivery timelines or fails structural engineering specifications, the buyer is entitled to an immediate 100% wire refund of all custodied escrow funds within five (5) business days upon notice.
5. Fiduciary Contact & Underwriting Desk
Tiny House on Kentucky Ave. LLC — Escrow Fiduciary Desk
Operating Tiny Container House • Entity ID: 001-217-072 (Alabama, USA)
Registered Office: 4100 Brook Way, Birmingham, AL 35213 (Agent: Shannon A. Powell)
Depository Trustee: JPMorgan Chase Bank, N.A. (FDIC Insured)
Memo Wire Identifier Format: TCH-[Order_ID]-ESCROW
Official Escrow Inquiries: [email protected]