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Deed Of Assignment For Property

Deed Of Assignment For Property Template for Indonesia

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Key Requirements PROMPT example:

Deed Of Assignment For Property

"I need a Deed of Assignment for Property to transfer ownership of a commercial building in Jakarta's business district, with specific provisions for existing tenants who have lease agreements extending until March 2025."

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Document background
The Deed of Assignment for Property is a crucial legal instrument in Indonesian property transactions, governed by the Basic Agrarian Law No. 5 of 1960 and related regulations. This document is essential when transferring ownership rights of immovable property, whether for residential, commercial, or industrial purposes. It must be executed before a licensed Indonesian notary and/or Land Deed Official (PPAT), containing detailed property descriptions, parties' information, consideration, and warranties. The deed serves as evidence of legal transfer and forms the basis for property registration at the local land office. It's particularly important in Indonesia's civil law system, where formal documentation of property transfers is mandatory for legal recognition.
Suggested Sections

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

2. Background: Context of the assignment, including the Assignor's current ownership status and intention to transfer

3. Definitions: Definitions of key terms used throughout the deed

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

5. Consideration: Details of the payment or consideration for the assignment

6. Assignment Declaration: Formal declaration of transfer of all rights, title, and interest in the property

7. Assignor's Warranties: Warranties regarding ownership, absence of encumbrances, and authority to transfer

8. Completion Requirements: Steps required to complete the transfer including registration requirements

9. Costs and Taxes: Allocation of costs, duties, and taxes related to the transfer

10. Governing Law: Specification of Indonesian law as governing law and jurisdiction

11. Execution: Formal execution clause and signature blocks compliant with Indonesian notarial requirements

Optional Sections

1. Existing Tenancies: Details of any existing lease agreements or tenancies affecting the property

2. Encumbrances: Description of any existing mortgages, liens, or other encumbrances

3. Special Conditions: Any special conditions or requirements specific to the property or transfer

4. Environmental Matters: Environmental declarations or conditions if property is in an environmentally sensitive area

5. Development Restrictions: Any existing development restrictions or obligations

6. Foreign Ownership Provisions: Special provisions if either party is a foreign national

7. Strata Title Provisions: Special provisions for apartments or multi-story buildings

Suggested Schedules

1. Property Description Schedule: Detailed technical description of the property including exact measurements and boundaries

2. Title Documents: Copies of existing title certificates and registration documents

3. Property Tax Certificates: Current property tax certificates and payment status

4. Site Plans: Official site plans and building layouts

5. Permits and Licenses: Copies of relevant permits and licenses related to the property

6. Property Photos: Recent photographs of the property and its boundaries

7. Payment Schedule: If payment is to be made in installments, detailed payment schedule

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
Clauses
Property Description
Assignment
Consideration
Warranties and Representations
Title Transfer
Registration Requirements
Compliance with Laws
Property Rights
Encumbrances
Completion
Taxes and Duties
Risk and Insurance
Possession and Handover
Default and Remedies
Force Majeure
Notices
Governing Law
Dispute Resolution
Severability
Entire Agreement
Property Inspection
Environmental Compliance
Building Permits
Utilities Transfer
Land Use
Planning Permissions
Access Rights
Stamp Duty
Previous Agreements
Further Assurance
Relevant Industries

Real Estate

Property Development

Construction

Banking & Finance

Legal Services

Property Investment

Commercial Property

Residential Property

Urban Development

Asset Management

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Corporate Affairs

Asset Management

Investment

Operations

Risk Management

Documentation

Relevant Roles

Property Lawyer

Real Estate Manager

Legal Counsel

Property Developer

Asset Manager

Investment Manager

Notary Public

Land Deed Official

Property Administrator

Real Estate Agent

Corporate Lawyer

Compliance Officer

Property Rights Specialist

Real Estate Director

Legal Director

Industries
Indonesian Civil Code (KUHPerdata): Provides the basic framework for property law, contracts, and legal obligations in property transactions
Basic Agrarian Law No. 5 of 1960 (UUPA): Fundamental law governing land rights, land registration, and property ownership in Indonesia
Government Regulation No. 24 of 1997: Regulates land registration procedures and requirements for property transfers
Law No. 20 of 2011: Regulates apartments and multi-story buildings ownership and transfer
Government Regulation No. 103 of 2015: Regulates house ownership by foreigners domiciled in Indonesia
Minister of Agrarian Affairs Regulation No. 3 of 1997: Implementation guidelines for property registration and transfer procedures
Regional Spatial Planning Laws: Local regulations governing land use and development in specific areas
Law No. 28 of 2002: Building Law governing construction and building ownership requirements
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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