Questions & Answers
Terminating parents' property contract with a developer after their death
My parents recently passed away and had invested in a property with a developer based in Dubai.
The property is nearly complete and my parents had paid over 50%. However, I do not wish to keep the property and want to liquidate their stakes instead. I do not have the funds to pay for the remaining balance which is due imminently.
I had requested a refund but the developer stated that it's not possible as the development is over 80% completed, apparently its 'in the law'.
The development is yet to be completed. The developer has said that the only way I can liquidate is by changing the ownership of the property to myself, pay the remaining balance, and then try and sell the property.
Is this true? Is there any way I can obtain a refund for my parents' investment?
Greatly appreciate any advice!
Dear client,
Good day!
That's not the only option that you have.
First, you have to go to the inheritance court and get an inheritance certificate in your favor which confirms that you are the legal heir.
With that certificate, you have to go to the property court to file the case and ask for termination and refund of the property, because the deceased has passed away. You can terminate and refund the whole property.
For further assistance, please feel free to contact us via phone or email.
Thank you!
