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Apartment Deed
"I need an Apartment Deed for the sale of a 2-bedroom luxury apartment unit in Jakarta from an Indonesian corporate seller to a foreign individual buyer, with completion scheduled for March 2025, including specific provisions for foreign ownership compliance and building management rules."
1. Parties: Identification of the seller and purchaser, including complete legal names, ID numbers (KTP/Passport), addresses, and citizenship status
2. Background: Context of the transaction, including brief history of the property ownership and purpose of the transfer
3. Definitions: Key terms used throughout the deed, including technical and legal terminology
4. Property Details: Comprehensive description of the apartment unit, including unit number, floor, tower name, built-up area, certificate numbers, and registered address
5. Purchase Price: Detailed statement of the agreed purchase price, payment terms, and payment method
6. Rights and Obligations: Transfer of ownership rights and detailed obligations of both parties
7. Representations and Warranties: Seller's warranties regarding property ownership, encumbrances, and condition
8. Common Property Rights: Rights and obligations regarding shared facilities and common areas
9. Handover Provisions: Terms and conditions for the physical handover of the apartment unit
10. Governing Law: Specification of Indonesian law as the governing law and relevant jurisdictional matters
11. Execution: Formal execution clause and signature requirements
1. Mortgage Provisions: Required when the purchase involves mortgage financing, detailing the mortgage arrangement and bank's requirements
2. Foreign Ownership Compliance: Required for foreign buyers, including compliance with Indonesian foreign ownership restrictions
3. Power of Attorney: Required when either party is represented by an authorized representative
4. Tax Arrangements: Detailed section on tax obligations when specific tax arrangements need to be documented
5. Dispute Resolution: Optional detailed dispute resolution procedures when parties want specific arrangements beyond standard court jurisdiction
6. Insurance Requirements: Required when specific insurance arrangements are part of the transaction
7. Building Management Obligations: Required when there are specific building management requirements or restrictions to be documented
1. Property Certificate Details: Certified copy of the strata title certificate (SHMSRS) and land certificate details
2. Floor Plan: Detailed floor plan of the apartment unit showing exact boundaries and measurements
3. Payment Schedule: Detailed schedule of payment installments if applicable
4. Inventory List: List of fixtures, fittings, and furniture included in the sale
5. Building Regulations: Copy of the relevant building regulations and house rules
6. Tax Certificates: Copies of relevant tax certificates and payment proof
7. Previous Title Documents: Copies of previous ownership documents and transfer history
8. Due Diligence Reports: Technical and legal due diligence reports if applicable
Authors
SHMSRS (Sertifikat Hak Milik Satuan Rumah Susun)
Common Property
Building Management
Management Fee
Sinking Fund
Purchase Price
Completion Date
Property Rights
Strata Title
Building Rules
Common Facilities
Developer
Fixtures and Fittings
Floor Plan
Handover Date
IMB (Izin Mendirikan Bangunan)
Land Certificate
Maintenance Charges
Notarial Deed
Owner Association
Payment Schedule
Property Tax
Registration
Service Charge
Utility Services
Building Area
Completion Certificate
Delivery Protocol
Encumbrances
Force Majeure
Insurance Coverage
Land Office
Mortgage
Parties
Property Manager
Transfer Date
Unit Boundaries
Warranties
Property Description
Ownership Transfer
Purchase Price
Payment Terms
Property Rights
Common Property Rights
Building Management
Maintenance Obligations
Insurance Requirements
Property Tax
Registration and Title
Representations and Warranties
Delivery and Handover
Defects Liability
Force Majeure
Assignment
Termination
Dispute Resolution
Governing Law
Severability
Entire Agreement
Notices
Amendment
Compliance with Regulations
Building Rules
Utilities and Services
Property Access
Mortgage Provisions
Tax Obligations
Foreign Ownership Compliance
Power of Attorney
Witness Statements
Execution
Real Estate
Property Development
Legal Services
Banking & Finance
Construction
Property Management
Insurance
Residential Property
Urban Development
Legal
Real Estate
Property Management
Compliance
Sales
Transaction Processing
Document Management
Risk Management
Customer Relations
Registration
Real Estate Lawyer
Property Manager
Legal Counsel
Notary Public
Real Estate Agent
Property Developer
Bank Officer
Compliance Officer
Real Estate Transaction Manager
Property Rights Administrator
Legal Document Specialist
Real Estate Transaction Coordinator
Property Registration Officer
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