The use of standardized contracts for the sale in Dubai will become mandatory

Since May 1, in Dubai, the use of standardized contracts on the sale of real estate will become mandatory, according Opp-connect.com . The purpose of this measure is to accelerate and simplify the buying process, clarifying the obligations of buyers, sellers and agents. According to the head of the Dubai Land Department, Sultan Butti bin Merjen standardized contracts not only allow to avoid ambiguities and different interpretations of the laws, but also contribute to guarantee the rights of all parties. Standardized contracts operate on an optional basis since 2008. The standardized system, there are three types of contracts: a contract between a buyer and seller, the contract between the seller and agent and the contract between the buyer and the agent. Access to the official form of contract will be given to the public site www.emart.gov.ae HomesOverseas.ru