Most escrow services are associated with title companies, but major banks also offer escrow services. An escrow holder is a neutral party who acts as a go-between for the buyer and seller. Basically, the seller gives the escrow holder the deed, and the buyer gives escrow the money. When everything is settled, the escrow holder passes the deed on to the buyer and gives the money to the seller. Fees for the escrow service are normally divided between Buyer and Seller.
Buyers have separate closing appointments with the escrow service.
The conveyance documents will be a Deed in the case of fee simple property. With leasehold property the conveyance is done with Assignment of Lease. Signing leasehold documents is always done considerably before the pre-closing because the documents must be sent to the Lessors for their consent to the assignment. They are organized through formal documents filed with the Hawaii Real Estate Commission. All will have By-Laws, House Rules and perhaps other documentation that should be reviewed.