Questions & Answers
The property seller refused to sell the property without an MoU and asks for higher price
This is to report that I paid a 10% security cheque of the property value as agreed upon & accepted by the owner to sign the MOU/FORM F.
But the real estate agent told us that there is some technical issue while generating the MOU document with land and need to update the title deed.
As I have a pre-approved bank loan, the real estate agent informed me to proceed with property valuation and confirmed meanwhile the documents will also get updated with DLD.
After waiting for almost 2 weeks when we asked to generate MOU, the agent told the seller to back out & wants to sell at a higher price.
It was delayed by the broker & seller for not signing the MOU/Form F & backing out after almost a month should be considered unlawful.
As agents, they should secure the rights of both parties, in this case, where I was not at fault as the buyer, and the agent took their own time to find a new buyer at a higher price.
How can we take action against them?
Hello,
Please send us the relevant documents like the property details.
First, you have to complain about the scenario before the Dubai Land Department to return back the 10% security.
If the MOU is signed (even electronically) and you got a copy of the MOU, please forward it to us.
If the matter is not sorted out in DLD, we can take proper legal action.
