MOU = Memorandum of Understanding.
In addition...
The steps for the resale are correct based on my own experience. Some developers will only issue the "Sale Agreement" on a resale after 15% or more has been paid.
My advise if you are involved in a re-sale is to conduct the transaction at the developers office in the presence of a lawyer. I did it this way and the transaction went smoothly. (I used a Managers Cheque), but more importantly it gave me peace of mind.
Regards
Stephen
Quote:
Originally Posted by zlajoni
Simpel question...what does "MOU" stand for?
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