Questions & Answers
Questions & Answers
5 available 5 • View allWhat are buyer's rights when seller backs out of MOU?




3
Q: Dear Sir/Madam,
I've signed an MOU for a townhouse, and the seller has signed it as well. Now the seller is backing out, saying that the agent gave him wrong information and he doesn't want to sell.
This is after more than a week of signing the MOU. Clearly, he is getting a better offer. But as a buyer, what are my options?
I've already lost valuable time, and it's causing me a lot of mental stress.





Oct 20, 2023
1482
The seller decides not to sell the property after signing the MOU. What to do?

3
Q: Dear sir/madam,
I signed an MOU to purchase a property. The MOU was signed by the POA holder of the seller on hard paper. We have been following up with the seller agent and he was keeping us up to date for nearly a month that the NOC is in progress.
Last week when the MOU period expired, the agent informed us that the POA issuer has decided not to sell as he has another offer. I asked the agent about the MOU and the agent said MOU has no value as it is on paper and not in the Dubai Rest application.
Questions:
Can I enforce a paper-based MOU (Form F)? Or due to new rules, it is no longer valid and we made a mistake?
The MOU was for one month and it is about six weeks since we signed the MOU.
Appreciate any advice!


Oct 12, 2022
1443
The property seller refused to sell the property without an MoU and asks for higher price


1
Q: 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?



Nov 29, 2022
791
Form F says "No penalty". Can I still claim compensation if the buyer withdraws?




2
Q: Dear Sir/Madam,
I signed an MOU (Form F) with a property buyer, and in the form, it says penalty type "NO."
Does this mean I can't claim compensation or recover a security cheque if the buyer refuses to proceed with the purchase after signing the MOU?





Dec 26, 2023
353
Can I get my money back from the seller after a mistake by them and the MoU will expire?




1
Q: Dear Sir/Madam,
I'm a buyer and came to the final stages of the process, all cheques have been issued and shared.
I was pushing developers about NOC (the seller takes things very slowly), and they realized a big mistake in the documents, the Dubai Land Department gave us a Title Deed instead of a Pre-Title Deed.
The bank prepared all cheques through that. Our MoU expires in a couple of days. We offer the seller to extend the MOU to provide documents.
So whose fault is it?
If the seller decides not to continue with the process and not renew the MoU, what would be my rights here?
Can I get back my cheques and be covered by the seller legally?
Thank you





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