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Commercial Property Contract
"I need a Commercial Property Contract for purchasing a 5-story office building in Jakarta's Central Business District, with completion planned for March 2025, including specific provisions for existing tenants and building renovation rights."
1. Parties: Identification of all parties involved, including full legal names, registration numbers, and addresses
2. Background: Context of the agreement and brief description of the property transaction
3. Definitions: Detailed definitions of key terms used throughout the contract
4. Property Details: Comprehensive description of the property, including address, certificate numbers, and boundaries
5. Transaction Terms: Core commercial terms including price, payment schedule, and payment methods
6. Representations and Warranties: Statements and guarantees made by both parties regarding the property and their capacity to enter into the agreement
7. Rights and Obligations: Detailed responsibilities of each party during and after the transaction
8. Title Transfer: Process and requirements for transferring property ownership
9. Taxes and Costs: Allocation of transaction costs, taxes, and ongoing property-related expenses
10. Default and Remedies: Consequences and remedies in case of breach by either party
11. Force Majeure: Provisions for unforeseen circumstances affecting contract performance
12. Governing Law: Confirmation of Indonesian law application and jurisdiction
13. Dispute Resolution: Process for resolving disputes, including jurisdiction and arbitration details
14. Notices: Communication protocols between parties
15. Execution: Signing requirements and execution formalities
1. Conditions Precedent: Specific conditions that must be met before the contract becomes effective, used when there are pending approvals or requirements
2. Renovation and Alterations: Terms regarding property modifications, used when renovations are planned or permitted
3. Environmental Compliance: Environmental obligations and warranties, important for industrial or potentially contaminated properties
4. Insurance Requirements: Specific insurance obligations, used for high-value properties or those with special risks
5. Property Management: Terms for ongoing management responsibilities, relevant for multi-tenant or complex properties
6. Use Restrictions: Specific limitations on property use, important for properties in regulated areas or with specific zoning requirements
7. Security Deposits: Terms regarding security deposits or guarantees, used in lease-purchase arrangements
8. Broker Provisions: Terms regarding broker involvement and commissions, used when brokers are involved in the transaction
1. Property Description Schedule: Detailed technical description of the property, including exact measurements and boundaries
2. Title Documents: Copies of land certificates and ownership history
3. Payment Schedule: Detailed breakdown of payment terms and installments
4. Due Diligence Results: Summary of property inspection and legal due diligence findings
5. Permits and Licenses: Copies of relevant permits, certificates, and licenses
6. Property Plans: Architectural drawings, floor plans, and site maps
7. Building Specifications: Technical details of building construction and facilities
8. Existing Tenancies: Details of any existing lease agreements or tenancies
9. Environmental Reports: Environmental assessment results and certificates
10. Tax Certificates: Property tax payment proof and certificates
Authors
Property
Certificate of Title
Completion Date
Consideration
Deposit
Effective Date
Encumbrances
Environmental Laws
Force Majeure Event
Governmental Authority
Hak Guna Bangunan (HGB)
Hak Milik
IMB (Building Permit)
Land and Building Tax (PBB)
Material Adverse Change
Notarial Deed
Parties
Payment Date
Permitted Use
Purchase Price
Registration
Related Documents
Relevant Authority
Representatives
Seller's Warranties
Settlement Date
Substantial Completion
Survey Report
Title Documents
Transaction Documents
Transfer Deed
Transfer Tax
Utilities
Vacant Possession
Valuation Report
Working Day
Zoning Laws
Building Rights
Completion Certificate
Due Diligence
Land Use Rights
Property Rights
Strata Title
Sale and Purchase
Price and Payment
Title Transfer
Representations and Warranties
Due Diligence
Conditions Precedent
Completion Requirements
Property Handover
Tax Obligations
Registration and Notarization
Environmental Compliance
Building Permits and Licenses
Zoning Compliance
Property Rights
Land Use
Force Majeure
Default and Termination
Remedies
Dispute Resolution
Governing Law
Assignment
Notices
Indemnification
Insurance
Property Maintenance
Utilities and Services
Existing Tenancies
Encumbrances
Confidentiality
Broker Provisions
Costs and Expenses
Severability
Entire Agreement
Amendments
Survival
Time of Essence
Further Assurances
Real Estate
Commercial Property Development
Retail
Hospitality
Manufacturing
Logistics and Warehousing
Banking and Finance
Insurance
Professional Services
Healthcare
Education
Technology
Industrial
Construction
Legal
Real Estate
Finance
Operations
Compliance
Risk Management
Facilities Management
Corporate Development
Investment
Property Management
Asset Management
Contract Administration
Chief Executive Officer
Chief Financial Officer
Real Estate Director
Property Manager
Legal Counsel
Commercial Director
Facilities Manager
Investment Manager
Risk Manager
Development Director
Asset Manager
Operations Manager
Compliance Officer
Contract Administrator
Real Estate Analyst
Corporate Lawyer
Finance Manager
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