Assignment Agreement (Real Estate) Template for Indonesia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Assignment Agreement (Real Estate)

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Assignment Agreement (Real Estate)

"I need a Real Estate Assignment Agreement for transferring ownership of a commercial building in Jakarta's business district, with completion scheduled for March 2025; the agreement should include specific provisions for existing tenant agreements and building maintenance obligations."

Document background
The Assignment Agreement (Real Estate) is a crucial document used in Indonesian property transactions when transferring real estate rights from one party to another. This document is essential in various contexts, including property development projects, corporate acquisitions, and individual property transfers. The agreement must comply with Indonesian property laws, particularly the Basic Agrarian Law (Law No. 5 of 1960) and related regulations. It requires execution before an Indonesian notary and registration with the National Land Office. The document typically includes detailed property descriptions, rights being transferred, consideration, tax obligations, and necessary governmental approvals. It's particularly important in Indonesia's complex property rights system, which recognizes various types of land titles and has specific requirements for property transfers, especially involving foreign parties or special economic zones.
Suggested Sections

1. Parties: Identification of the Assignor and Assignee, including their complete legal names, addresses, and any relevant registration numbers

2. Background: Context of the assignment, including the original ownership/rights of the Assignor and the intention to transfer to the Assignee

3. Definitions: Definitions of key terms used throughout the agreement, including property-specific terminology and Indonesian legal terms

4. Subject Matter of Assignment: Detailed description of the property being assigned, including land certificate numbers and property boundaries

5. Consideration: The agreed purchase price or other consideration for the assignment and payment terms

6. Representations and Warranties: Statements by both parties regarding their capacity, authority, and the status of the property

7. Assignment Process: Steps for executing the assignment, including registration requirements and notarial deed processes

8. Costs and Taxes: Allocation of transaction costs, transfer taxes, and registration fees

9. Compliance with Laws: Commitment to comply with Indonesian property laws and regulations

10. Governing Law and Dispute Resolution: Specification of Indonesian law as governing law and dispute resolution mechanisms

11. Execution: Signature requirements and execution formalities

Optional Sections

1. Conditions Precedent: Specific conditions that must be met before the assignment becomes effective, used when there are preliminary requirements

2. Mortgage or Encumbrance Provisions: Provisions dealing with existing mortgages or encumbrances, included if the property has outstanding loans

3. Third Party Consents: Requirements for obtaining consents from relevant authorities or other parties, used when specific approvals are needed

4. Strata Title Provisions: Specific provisions for apartment units or properties under strata title

5. Foreign Ownership Provisions: Special provisions when either party is a foreign national or entity

6. Property Management Transition: Provisions for transitioning property management responsibilities, used for commercial properties

7. Environmental Provisions: Environmental compliance and liability provisions, used for industrial or commercial properties

Suggested Schedules

1. Property Details: Comprehensive description of the property, including exact measurements, boundaries, and certificate numbers

2. Land Certificate: Copy of the original land certificate and ownership documentation

3. Payment Schedule: Detailed schedule of payment terms and installments if applicable

4. Due Diligence Results: Summary of property due diligence findings and verified documentation

5. Property Tax Documents: Copies of property tax payments and certificates

6. Building Permits: Copies of relevant building permits and certificates

7. Site Plan: Official site plan and property drawings

8. Power of Attorney: If applicable, power of attorney documents for representatives of either party

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Real Estate

Property Development

Construction

Banking and Finance

Hospitality

Retail

Industrial Manufacturing

Commercial Office Space

Residential Property

Agriculture

Infrastructure Development

Tourism

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Finance

Corporate Affairs

Facilities Management

Risk Management

Business Development

Asset Management

Operations

Investment

Relevant Roles

Real Estate Manager

Property Development Director

Legal Counsel

Compliance Officer

Property Investment Manager

Land Acquisition Manager

Chief Financial Officer

Property Rights Specialist

Corporate Secretary

Facilities Manager

Real Estate Agent

Property Portfolio Manager

Asset Manager

Development Project Manager

Risk Management Officer

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Assignment Agreement (Real Estate)

An Indonesian law-governed agreement for transferring real estate rights between parties, requiring notarial execution and compliance with local property regulations.

find out more

Assignment Contract For Wholesaling (Real Estate)

An Indonesian law-compliant contract for assigning real estate wholesaling rights, enabling property transfer from owner to wholesaler for subsequent sale.

find out more

Tripartite Assignment Agreement

An Indonesian law-governed three-party agreement facilitating the transfer of rights and obligations between parties, with third-party consent and participation.

find out more

Assignment Agreement Intellectual Property

An Indonesian law-governed agreement for transferring intellectual property rights between parties, ensuring compliance with local IP regulations and registration requirements.

find out more

Debt Assignment Agreement

An Indonesian law-governed agreement that transfers debt rights from one creditor to another, complying with the Indonesian Civil Code requirements for debt assignments.

find out more

Security Assignment Agreement

An Indonesian law-governed agreement for creating security interests through the assignment of rights and receivables, subject to local security and fiduciary regulations.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.