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Conveyance Agreement

Conveyance Agreement Template for Indonesia

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Key Requirements PROMPT example:

Conveyance Agreement

"I need a Conveyance Agreement for the transfer of a commercial warehouse property in Jakarta Industrial Estate from PT Manufacturing Indo to PT Logistics Solutions, with completion scheduled for March 2025, including specific provisions for existing tenant rights and environmental compliance requirements."

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Document background
A Conveyance Agreement is a crucial legal instrument in Indonesian property transactions, used when transferring ownership rights of immovable property between parties. This document type must strictly adhere to Indonesian property law requirements, particularly the Basic Agrarian Law and related regulations. It is essential for both residential and commercial property transfers, requiring execution before a Land Deed Official (PPAT) and subsequent registration with the National Land Agency (BPN). The agreement includes comprehensive details about the property, parties involved, payment terms, and specific conditions of transfer, while addressing unique aspects of Indonesian property law such as land use rights categories and foreign ownership restrictions. It serves as the primary document for property registration and ownership transfer in Indonesia's land administration system.
Suggested Sections

1. Parties: Identification of the transferor (seller) and transferee (buyer), including complete legal names, addresses, and identification numbers as required by Indonesian law

2. Background: Context of the transfer, including brief history of ownership and purpose of the conveyance

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

4. Property Details: Comprehensive description of the property being transferred, including land certificate details, boundaries, and registered encumbrances

5. Purchase Price: Details of the consideration, payment terms, and method of payment

6. Transfer Process: Steps and procedures for executing the transfer, including requirements for deed execution before PPAT (Land Deed Official)

7. Representations and Warranties: Seller's warranties regarding property ownership, absence of disputes, and compliance with laws

8. Seller's Obligations: Specific obligations of the seller including document provision and assistance with transfer process

9. Buyer's Obligations: Specific obligations of the buyer including payment and compliance with transfer requirements

10. Costs and Taxes: Allocation of transfer costs, taxes (BPHTB), and other fees

11. Completion: Conditions for completion and post-completion obligations

12. Governing Law: Confirmation of Indonesian law application and jurisdiction

13. Dispute Resolution: Process for resolving disputes, typically including Indonesian court jurisdiction or arbitration

Optional Sections

1. Mortgage Details: Include when the property has existing mortgages that need to be discharged or new mortgages to be registered

2. Third Party Rights: Include when there are existing tenants, easements, or other third-party rights affecting the property

3. Special Conditions: Include when there are specific requirements such as zoning changes or permit applications pending

4. Environmental Matters: Include when the property has environmental considerations or requirements

5. Development Obligations: Include when the property transfer includes obligations for future development or construction

6. Foreign Ownership Provisions: Include when either party is a foreign entity, addressing specific requirements under Indonesian foreign ownership laws

7. Strata Title Provisions: Include for apartments or properties under strata title

8. Force Majeure: Include when specific circumstances might affect the transfer process

Suggested Schedules

1. Property Description Schedule: Detailed technical description of the property, including maps, plans, and coordinates

2. Title Documents: Copies of land certificates and historical title documents

3. Due Diligence Reports: Results of legal and technical due diligence investigations

4. Payment Schedule: If payment is to be made in installments, detailed payment timeline

5. Encumbrance Details: List of existing encumbrances, liens, or other restrictions on the property

6. Regulatory Approvals: Copies of relevant permits, licenses, and regulatory approvals

7. Property Tax Details: History of property tax payments and current status

8. Building Inspection Report: For properties with structures, detailed condition report and compliance status

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Property
Land Certificate
PPAT (Land Deed Official)
BPN (National Land Agency)
Completion Date
Completion
Purchase Price
Deposit
Transfer Deed
Encumbrances
Due Diligence Period
Title Documents
Hak Milik (Right of Ownership)
Hak Guna Bangunan (Right to Build)
Hak Guna Usaha (Right to Cultivate)
Property Tax (PBB)
Transfer Tax (BPHTB)
Income Tax (PPh)
Business Day
Force Majeure
Notarial Deed
Permitted Use
Property Documents
Registration Process
Seller's Warranties
Spatial Planning Requirements
Third Party Rights
Transfer Costs
Zoning Requirements
Building Permits (IMB)
Site Plan
Land Use Certificate
Mortgage
Beneficial Owner
Completion Requirements
Default Event
Notice
Parties
Representatives
Clauses
Parties
Recitals
Definitions
Sale and Purchase
Property Description
Title and Ownership
Purchase Price
Payment Terms
Completion
Transfer Process
Registration Requirements
Representations and Warranties
Seller's Obligations
Buyer's Obligations
Conditions Precedent
Due Diligence
Property Handover
Tax Obligations
Costs and Expenses
Environmental Compliance
Encumbrances
Third Party Rights
Foreign Ownership
Property Insurance
Default
Termination
Force Majeure
Notices
Assignment
Severability
Entire Agreement
Amendment
Governing Law
Dispute Resolution
Language
Confidentiality
Relevant Industries

Real Estate

Property Development

Banking and Finance

Construction

Agriculture

Industrial Manufacturing

Hospitality and Tourism

Retail

Infrastructure Development

Mining and Resources

Commercial Property

Residential Property

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Finance

Tax

Corporate Affairs

Investment

Asset Management

Operations

Risk Management

Relevant Roles

Legal Counsel

Property Manager

Real Estate Director

Compliance Officer

Land Acquisition Manager

Property Development Manager

Corporate Lawyer

Real Estate Agent

Property Rights Specialist

Investment Manager

Asset Manager

Finance Director

Tax Manager

Land Administration Officer

Property Consultant

Industries
Indonesian Civil Code (KUHPerdata): The fundamental law governing contracts and agreements in Indonesia, particularly Book III on Obligations and Book II on Property
Basic Agrarian Law No. 5 of 1960: The primary law governing land rights and ownership in Indonesia, establishing different types of land titles and ownership restrictions
Government Regulation No. 24 of 1997: Regulation concerning Land Registration, crucial for property transfers and title registration procedures
Law No. 28 of 2002: Building Construction Law that regulates building requirements and permits
Law No. 20 of 2011: Apartments Law governing the transfer of apartment units and related rights
Government Regulation No. 103 of 2015: Regulation on House Ownership by Foreigners Domiciled in Indonesia, important for transactions involving foreign parties
Law No. 28 of 2009: Regional Tax Law governing property transfer tax (BPHTB) and related fiscal obligations
Minister of Agrarian Affairs Regulation No. 3 of 1997: Implementation rules for land registration and property transfer procedures
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

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