Form F/ Unified Sell Contract(F)/ MOU
RERA Form F, or the Unified Sell Contract(F), is crucial in Dubai's real estate transactions. It serves as a Memorandum of Understanding (MOU) between the buyer and the seller, outlining the agreed-upon terms and conditions for selling a property.
Key components of RERA Form F include but are not limited to:
- Property Details: Specifics about the sold property, including location, size, and other relevant features.
- Terms and Conditions: The obligations and responsibilities of both parties, such as payment terms, timelines, conditions for transfer of ownership, and any contingencies.
- Agreed Price: The final sale price of the property, agreed upon by both the buyer and the seller.
- Commission details: Specifics on the commission fees for the real estate agents involved, detailing how these fees will be split between the buyer's and seller's agents.
Form F is legally enforceable, ensuring transparency and protecting the interests of all parties involved in the transaction.