Finance Contingency
A finance contingency is a contract condition allowing a buyer to withdraw if they cannot secure mortgage approval within a specified timeframe.
| Contingency Terms | Specification |
| Loan amount | Minimum financing required |
| Interest rate cap | Maximum acceptable rate |
| Approval deadline | Time to secure commitment |
| Good faith effort | Buyer must actively pursue |
| Dubai Practice | Reality |
| Less common | Not standard in contracts |
| Pre-approval expected | Buyers secure financing first |
| Cash alternatives | Strong preference for cash buyers |
| If included | Must be explicitly negotiated |
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