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Signed Form F with a buyer, can you still negotiate with others for a better deal?

Dear Sir/Madam,

If you have signed Form F with a buyer, can you keep your property on the market and continue to talk to other buyers in case you get a better deal?

Is it against the law?

متميز
إبراهيم البنا للمحاماة والاستشارات القانونية
دردشة توظيف
اجتماع
29 Apr 2024, 19:23

Dear Questioner,

Thank you for reaching out with your question regarding Form F and property sales in Dubai.

Regarding your query, it's important to understand the implications of signing Form F in a property transaction.

Form F is a document typically used in Dubai real estate transactions to signify the intention of both parties to proceed with the sale of the property.

However, it does not necessarily prevent the seller from continuing to market the property or negotiate with other potential buyers.

The legality of continuing to engage with other buyers after signing Form F depends on the specific terms and conditions outlined in the agreement.

It's crucial to review the language of the contract carefully to determine any restrictions or obligations imposed on the seller.

In many cases, Form F may include clauses specifying exclusivity or non-compete agreements, which could limit the seller's ability to entertain offers from other parties. Violating such clauses could potentially lead to legal consequences, including breach of contract.

To provide you with a more accurate assessment of your situation, I would need to review the terms of your Form F agreement and discuss any relevant details pertaining to your specific circumstances.

I encourage you to schedule a consultation with me so we can address your concerns comprehensively and explore the best course of action moving forward.

Please feel free to reach out to me via WhatsApp or phone to arrange a consultation at your earliest convenience.

I am here to assist you with any further questions you may have and provide the legal guidance you need.

29 Apr 2024, 19:37

This has been done to us. We had signed Form F, and due to a delay in the handover letter from the developer, the seller (secondary market) decided to cancel the contract and sell to a cash buyer.

29 Apr 2024, 19:46

I understand your frustration and the complexity of the situation. Canceling a contract after signing Form F can have significant legal implications, especially if it was done without proper justification or adherence to the terms outlined in the agreement.

In your case, the decision to cancel the contract by the seller raises questions about their compliance with the terms of the agreement and any obligations they may have had towards you as the buyer.

It's essential to assess whether the cancellation was done in accordance with the terms of the contract and whether any remedies or compensations are available to you under the law.

As your legal representative, I am committed to advocating for your rights and interests in this matter.

To provide you with the best possible guidance and assistance, I would need to review the details of your contract, including the terms of Form F, and gather additional information about the circumstances surrounding the cancellation.

I invite you to schedule a consultation with me at your earliest convenience so we can discuss your case in more detail and explore the available options for recourse.

You can reach me directly via WhatsApp or phone to arrange a meeting.

متميز
كي إتش إي للاستشارات القانونية
دردشة توظيف
اجتماع
30 Apr 2024, 05:00

Dear questioner,

Technically, continuing to talk to other buyers isn't illegal as long as you don't enter a new sales agreement.

However, please ensure that your obligations are fulfilled as a seller to the contract without any failure from your side to accomplish the sale of the property.

30 Apr 2024, 05:01

If you need further clarification, please share your WhatsApp number.

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