Contract To Sell Home Template for Indonesia

The Contract to Sell Home is a fundamental legal document used in Indonesian real estate transactions when transferring residential property ownership from seller to buyer. This document is essential for compliance with Indonesian property law, including the Civil Code (KUHPer), Basic Agrarian Law, and property registration regulations. It should be used whenever a residential property sale is contemplated, whether involving individual homeowners, property developers, or real estate companies. The contract typically includes crucial elements such as property details, purchase price, payment terms, warranties, and conditions precedent to completion. It must be executed in accordance with Indonesian notarial requirements and property registration procedures to ensure valid transfer of ownership. The document serves as the primary agreement governing the entire transaction process, from initial agreement through to final property transfer.

1. Parties: Identification of the Seller and Buyer with complete legal names, addresses, and identification numbers

2. Background: Context of the sale, including brief property description and parties' intention to enter into a sale transaction

3. Definitions: Key terms used throughout the agreement including Property, Purchase Price, Completion Date, etc.

4. Property Details: Comprehensive description of the property including certificate number, address, land area, building area, and boundaries

5. Purchase Price: Total purchase price, payment structure, and payment methods

6. Payment Terms: Schedule of payments, including deposit, installments, and final payment details

7. Conditions Precedent: Conditions that must be fulfilled before the sale can proceed

8. Seller's Representations and Warranties: Seller's guarantees regarding property ownership, absence of disputes, and property condition

9. Buyer's Representations and Warranties: Buyer's declarations regarding financial capacity and compliance with regulations

10. Completion Process: Steps for finalizing the sale, including documentation and registration requirements

11. Default and Remedies: Consequences and available remedies in case either party defaults

12. Governing Law and Dispute Resolution: Applicable law and method for resolving disputes

13. Notices: How formal communications between parties should be made and delivered

14. Miscellaneous: Standard boilerplate provisions including severability, entire agreement, and amendments