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Contract For Deed Amortization Schedule
"I need a Contract for Deed Amortization Schedule for a residential property in Jakarta, with a purchase price of 2.5 billion IDR, 20% down payment, and monthly installments over 5 years starting March 2025."
1. Parties: Identification of the seller (vendor) and buyer (vendee), including their complete legal names, addresses, and any relevant registration numbers
2. Background: Context of the agreement, including brief property description and parties' intention to enter into a contract for deed arrangement
3. Definitions: Key terms used throughout the agreement, including financial and property-related terminology
4. Property Description: Detailed legal description of the property, including certificate numbers, boundaries, and registered encumbrances
5. Purchase Price and Payment Terms: Total purchase price, down payment details, and general terms of the amortization arrangement
6. Amortization Structure: Specific details about payment frequency, interest rate, and term length
7. Default and Remedies: Consequences of payment default and available remedies for both parties
8. Property Maintenance and Responsibilities: Obligations of both parties regarding property maintenance during the payment period
9. Insurance and Taxes: Requirements for property insurance and responsibility for property taxes during the contract period
10. Transfer of Title: Conditions and process for final transfer of property title upon completion of payments
11. Governing Law: Specification of Indonesian law as governing law and relevant jurisdictional details
12. Execution: Signature blocks and notarization requirements
1. Early Payment Provisions: Terms for early payment or full settlement of the remaining balance, used when parties want to allow for potential early completion
2. Property Use Restrictions: Specific restrictions on property use during the payment period, included when the property has special zoning or usage requirements
3. Third-Party Rights: Provisions regarding rights of third parties, included when there are existing tenants or other rights holders
4. Assignment Rights: Terms for transferring rights under the contract, included when parties want to allow for potential transfer of obligations
5. Death or Incapacity Provisions: Procedures in case of death or incapacity of either party, included for longer-term contracts
6. Dispute Resolution: Specific procedures for resolving disputes, included when parties prefer alternative dispute resolution methods
1. Schedule A - Amortization Table: Detailed monthly payment schedule showing principal, interest, and balance for each payment
2. Schedule B - Property Documentation: Copies of property certificates, land registration details, and relevant property documentation
3. Schedule C - Payment Requirements: Specific payment procedures, acceptable payment methods, and banking details
4. Appendix 1 - Property Photos and Plans: Current photographs of the property and any relevant architectural or land plans
5. Appendix 2 - Property Inspection Report: Initial condition report of the property at the time of contract execution
6. Appendix 3 - Tax Certificates: Current tax certificates and payment status for the property
Authors
Amortization Schedule
Applicable Law
Business Day
Certificate of Title
Contract for Deed
Default
Down Payment
Effective Date
Encumbrance
Events of Default
Interest Rate
Land Deed Official (PPAT)
Late Payment Fee
Legal Description
Monthly Payment
Notarial Deed
Outstanding Balance
Parties
Payment Date
Payment Period
Principal Amount
Property
Purchase Price
Remaining Balance
Seller's Certificate
Term
Title Transfer
Total Interest
Vendor
Vendee
Witnesses
Recitals
Definitions
Property Description
Purchase Price
Payment Terms
Amortization Details
Interest Calculation
Default Provisions
Property Rights
Title Transfer
Insurance Requirements
Tax Obligations
Property Maintenance
Risk and Liability
Force Majeure
Assignment
Representations and Warranties
Termination
Dispute Resolution
Governing Law
Notices
Amendment
Severability
Entire Agreement
Execution
Real Estate
Banking & Finance
Legal Services
Property Development
Construction
Property Management
Residential Housing
Commercial Property
Agricultural Land
Legal
Real Estate
Finance
Property Management
Sales
Compliance
Contract Administration
Document Processing
Property Development
Real Estate Attorney
Property Lawyer
Financial Controller
Real Estate Agent
Property Manager
Legal Counsel
Notary Public
Land Deed Official
Finance Manager
Real Estate Development Manager
Contract Administrator
Property Sales Manager
Mortgage Specialist
Real Estate Transaction Coordinator
Legal Document Specialist
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