Questions & Answers

Ask a lawyer
Abu Dhabi, UAE

What to do to recover money paid for real estate agency after revoking MOU?

Dear Sir,

Please be informed that I contacted one of the real estate agents in Sep 2022 for a purchase of an apartment in Abu Dhabi.

MOU signed with seller/agents in Oct 2022. The subject apartment was under lease and a tenant was staying there. I contacted my bank for a mortgage and the bank requested access permission for valuation.

However, the agents informed me that the tenant is out of the country. And later once the tenant was back in the country, I requested agents for further permission.

After multiple tries, the tenant provided the bank with access for valuation. I had no direct contact with the owner/seller. I paid the bank valuation fee.

Once approval came from the bank, I informed the agent. I got a reply that the seller does not wish to proceed with the MOU.

Then requested agents to return the agency commission fee, which I paid at the time of signing the MOU. Ever since I am behind the agency to return my amount.

However, agents have not yet returned the amount to date.

Appreciate your necessary legal advice.

Thank you.

Regards

T.

Premium
KHE Legal Consultancy
Chat Hire
Meet
6 Apr 2023, 19:34

You can file a lawsuit to recover your money and file a lawsuit for compensation of the damages that resulted to you out of the bank's actions and the material loss that occurred as a result of your attempt to buy.

6 Apr 2023, 20:10

Much appreciated your swift advice.

Fixed-fee services
2 2 available services •  View all
Get quotes from lawyers
Find the right lawyer for your legal needs. Submit your request and get multiple competitive offers from qualified lawyers.
Looking for something else?
Ask for advice from a lawyer
It’s free and anonymous
No registration needed
Ask a lawyer