FORMS & CONTRACTS
MOU (Memorandum of Understanding)
Also searched as: memorandum of understanding
In UAE property, the MOU is the signed agreement between buyer and seller that fixes the price, deposit and completion terms of a resale deal. In Dubai the MOU and the RERA Form F are the same document.
Treat the MOU as the deal itself, not a formality before the deal. Everything negotiable, fee splits, furniture, the transfer date, rent-back arrangements, must be written into it, because at the trustee office only what is on paper counts.
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This explains the general case. If MOU has come up in a live deal of yours, talk to the team: specific answers, registered numbers, no obligation.