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Moath Samer
Attorney
الأسئلة المجابة 46920 | نسبة الرضا 98.5%
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Property and Mortgage related question: (Dubai)...
Property and Mortgage related question:
(Dubai)
What happens if you pay the %20 down-payment for a property (paid to developer) then couldn't secure a bank loan at the time of handover. Will you be able to cancel the SPA and claim the down payment? Or what happens exactly?
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إجابة الخبير: Moath Samer
Moath Samer
Attorney
الأسئلة المجابة 46920 | نسبة الرضا 98.5%
Such issue is governed by the terms of the contract. However, in all ways, if the buyer is late in payment, then finea will be imposed, which is the penalty clause
Then, you have to review the terms in order to know the clauses in cases of delay
إسأل Attorney
Moath Samer
Attorney
الأسئلة المجابة 46920 | نسبة الرضا 98.5%
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