Q: I have signed an MOU without any deposit. The broker and buyer did not turn up to close the deal and the MOU expired today. While raising Form A, it's showing Contract F exists… A: Check the DLD system or you can call RERA for clarifications. Maybe the previous broker has made it active…

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Can the MOU with the property buyer be extended after expiry without my approval?

Hello,

I have signed an MOU without any deposit and the MOU expired today. The broker and buyer did not turn up to close the deal and the MOU expired today.

I spoke to another broker but he said that while raising Form A, it's showing Contract F exists.

Earlier it was showing to him Active Contract F exists but now after the expiry of the MOU, it is showing that Contract F exists.

How can this expired MOU be still effective?

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Maryam Alyassi Advocates and Legal Consultants

Meet

12 Jul 2023, 07:41

Hello,

Please check the DLD system or you can call RERA for clarifications.

Maybe the previous broker has made it active if there is a security deposit on the same.

12 Jul 2023, 07:42

Please email us for further discussion.

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