Questions & Answers
Can I reject the seller's request to extend the MoU and exit this agreement?
Dear Sir/Madam,
I'm purchasing a property in Dubai. I have signed the Form A and F and provided a photo of the cheque deposit. The seller has been slow in settling his outstanding payments with the developer.
The Memorandum of Understanding (MoU) expires tomorrow, but the seller has informed me that he will receive the No Objection Certificate (NOC) from the developer tomorrow and has requested an extension to the contract.
I haven't agreed to the extension yet. I've found another property that I prefer and would like to withdraw from this deal.
Can I reject the MoU extension and exit this agreement?
Dear Client,
Thanks for your question! I hope you are doing well. I will assist you in this matter.
Whether you can reject an extension of the MOU and exit the deal depends on the MOU's terms.
Rejecting the extension may lead to legal consequences, so consult with us to review your specific MOU and provide guidance based on your circumstances.
For any further legal assistance, you can WhatsApp us. We have an extensive team of knowledgeable and experienced lawyers to provide the legal assistance you need.
We will be happy to help you.
Thanks & Regards,
ABDUL WAHIED
Dear Questioner,
All these questions will depend upon the terms and clauses enclosed within the document you receive.
We can advise you properly regarding cancellation after reviewing the whole document for a standard charge.
Share your WhatsApp number if you want to go with our services.
Dear Questioner,
Based on the details you've shared, it's important to note that real estate transactions in Dubai can be complex, and specific legal considerations come into play.
In this context, the Memorandum of Understanding (MOU) is a crucial document that outlines the terms of the property transaction.
While I cannot provide a definitive answer without reviewing the complete documentation, I can offer some general insights.
The ability to reject an extension of the MOU and withdraw from the deal may depend on the specific clauses outlined in the agreement.
It's essential to carefully review the terms and conditions, especially those related to extensions, termination, and any applicable penalties.
To provide you with more accurate advice tailored to your situation, I recommend scheduling a consultation to discuss the specifics of your case.
During this consultation, we can thoroughly review the MOU, discuss your concerns, and explore the best course of action to align with your current real estate goals.
Please feel free to reach out to me via WhatsApp or phone to schedule a consultation at your earliest convenience.
I am here to assist you in navigating through this process and ensuring that your legal rights are protected.
Hi,
You will need to check the terms of the MOU.
It must have a clause of default and a time period.
