How to Create Form F | Contract F | Creating Broker Contracts | MOU (Buyer & Seller Contract)

Login can be done either from Mobile or Web
1.Open Dubai REST App
1.Proceed to Login Screen
2.Click on Business User
3.Click on Dubai Brokers
2.Open Dubai Broker Web Application from
2.Choose any of the options to Login:
1.Registered Broker mobile number
2.Username/Password of the registered Broker
3.Click on Contracts tab
4.Search Approved Contract A
5.Click on Contract A to view details.
6.Scroll to find Approve Contract functions
7.Click on Create United Sale Contract (F)
8.Choose option to related Active Contract B
9.Verify Owner details, Click Next
10.Verify Buyer details, Click Next
11.Verify Tenancy Contract information
12.Input Financial Details, Click Next
13.Input Payment Plan, Click Continue
14.Input Contract duration, Click Next
15.Verify Seller and Buyer details, Click Next
16.Verify DLD fee details, Click Next
17.Input Contract Notes, Click Next
18.Add Additional Terms if required, Click Continue
19.Verify Contract details in preview, Click Submit Contract for Approval.
19.Once Owner has approved, broker can search the contract by clicking on Search button
20.View the searched contract
21.Download the contract by clicking on Download Contract
SUMMARY
What’s Form F?
Form F is simply an agreement between a Buyer and Seller containing all possible details of a transactions, such as:
1. Name of the parties
2. Property details
3. Selling price of a property
4. Information about the mortgage or financing if applicable
5. Breakdown of all payments and who’ll be paying them
6. Property transfer date
7. Additional terms and conditions parties agreed upon
When do you sign Form F?
Form F is signed at the stage when you (Buyer) found a property you want to purchase and you agree on the asking price and you’re ready to finalize. By signing Form F, parties must provide 10% security cheque from a selling price. This secures parties from backing out.
How do you sign Form F?
There’s no longer a hard copy of a Form F you sign physically with a pen or pencil. Form F is generated electronically by an agent using Dubai REST App. And you “sign” it by simply clicking on the link in the SMS you gonna receive. This link will take you to the approval page with OTP verification.
How long is Form F valid for?
It’s valid based on the validity date agent selected while creating it.
What’s MOU?
MOU stands for Memorandum of Understanding. It includes all additional terms and conditions of your property purchase.
What happens if party defaults?
If party defaults, then the party will loose the security deposit of 10% it provided earlier.
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