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Deed Of Sale For House

Deed Of Sale For House Template for Indonesia

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Key Requirements PROMPT example:

Deed Of Sale For House

"I need a Deed of Sale for House in Indonesian jurisdiction for a property in Jakarta, with the sale scheduled to complete by March 2025, including provisions for mortgage financing and a six-month tenant notice period."

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Document background
The Deed of Sale For House is a crucial legal instrument in Indonesian property transactions, required for all residential property transfers under Indonesian law. This document is essential when transferring ownership of a house or residential property, whether it involves private individuals, corporations, or other legal entities. It must be prepared by a licensed Indonesian notary and comply with the Indonesian Civil Code, Basic Agrarian Law, and relevant property regulations. The deed includes comprehensive details about the property, parties involved, purchase price, payment terms, and various legal declarations. It serves as the foundation for property registration with the National Land Office (BPN) and is necessary for updating land certificates. The document also addresses tax obligations, including Land and Building Rights Transfer Duty (BPHTB) and Income Tax on property transfers.
Suggested Sections

1. Parties: Identification of the seller and buyer with complete legal names, ID numbers (KTP/passport), addresses, and their legal capacity to enter into the agreement

2. Background: Brief history of the property ownership, purpose of the sale, and any relevant circumstances leading to the transaction

3. Definitions: Key terms used throughout the deed, including property-specific terminology and legal terms

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

5. Ownership Status: Declaration of the seller's legitimate ownership and authority to sell, including details of the property certificate

6. Sale Price and Payment Terms: Agreed purchase price, payment method, and schedule of payments

7. Transfer of Rights: Terms and conditions for the transfer of property rights from seller to buyer

8. Representations and Warranties: Seller's declarations regarding property condition, legal status, and absence of disputes

9. Tax Obligations: Distribution of tax responsibilities between parties (BPHTB, PPh, and other applicable taxes)

10. Handover Terms: Conditions and timeline for physical handover of the property

11. Legal Compliance: Statements ensuring compliance with Indonesian property laws and regulations

12. Notarial Declarations: Standard notarial statements required under Indonesian law

13. Closing Provisions: Signature requirements, number of copies, and notarial execution details

Optional Sections

1. Broker/Agent Details: Required when a property agent or broker is involved in the transaction

2. Mortgage Details: Required when the property is being purchased with mortgage financing

3. Power of Attorney: Required when either party is represented by an authorized representative

4. Spouse Consent: Required when the seller is married, as per Indonesian marital property laws

5. Building Permits: Required when the property includes recent construction or modifications

6. Existing Tenancy: Required when the property is currently leased to tenants

7. Foreign Ownership Compliance: Required when the buyer is a foreign national, detailing compliance with foreign ownership restrictions

Suggested Schedules

1. Property Certificate: Copy of the land certificate and building ownership proof

2. Property Tax Documents: Recent property tax payment receipts and certificates

3. Identity Documents: Copies of KTP/passport and family cards of all parties

4. Building Plans: Official building plans and permits

5. Payment Evidence: Proof of payment transactions and tax payments

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

7. Previous Title Deeds: Historical ownership documents if relevant

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
Certificate of Title
Land Office (BPN)
Purchase Price
Completion Date
Handover Date
Seller
Buyer
Notary
BPHTB
PPh
Deposit
Building
Land
Property Rights
Hak Milik
Land Certificate
Building Permit (IMB)
Encumbrance
Transfer Deed
Due Diligence
Spouse Consent
Payment Terms
Business Day
Force Majeure
Representations and Warranties
Property Tax (PBB)
Registration
Title Transfer
Deed of Sale and Purchase (AJB)
Power of Attorney
Binding Sale and Purchase Agreement (PPJB)
Property Boundaries
Possession
Completion Documents
Default
Utilities
Land Use Rights
Building Rights (HGB)
Clauses
Property Description
Title and Ownership
Purchase Price
Payment Terms
Transfer of Rights
Property Registration
Tax Obligations
Representations and Warranties
Property Handover
Condition of Property
Legal Compliance
Due Diligence
Force Majeure
Default and Remedies
Notarial Requirements
Land Office Registration
Consent and Approval
Property Boundaries
Building Permits
Utilities Transfer
Insurance
Property Tax
Existing Encumbrances
Spouse Consent
Assignment Rights
Governing Law
Dispute Resolution
Severability
Entire Agreement
Amendment
Notices
Language
Costs and Expenses
Relevant Industries

Real Estate

Legal Services

Banking & Finance

Property Development

Construction

Insurance

Property Management

Mortgage Services

Wealth Management

Public Administration

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Finance

Risk Management

Documentation

Client Services

Business Development

Operations

Relevant Roles

Real Estate Agent

Property Lawyer

Notary Public

Property Manager

Legal Counsel

Bank Manager

Mortgage Officer

Property Developer

Real Estate Broker

Land Registration Officer

Title Insurance Officer

Property Tax Consultant

Real Estate Investment Manager

Property Valuation Specialist

Compliance Officer

Industries
Indonesian Civil Code (KUHPerdata): The fundamental law governing contracts and property transactions in Indonesia, particularly Book III on Contracts and Book II on Property
Basic Agrarian Law No. 5 of 1960: The primary law governing land rights and property ownership in Indonesia, establishing the types of land titles and rights that can be held
Government Regulation No. 24 of 1997 on Land Registration: Regulates the procedures for registering property transfers and maintaining land records
Law No. 30 of 2004 on Notary Position: Governs the role and responsibilities of notaries in property transactions and deed preparation
Law No. 28 of 2009 on Regional Taxes and Retribution: Covers the tax implications of property transfers, including the Land and Building Rights Transfer Duty (BPHTB)
Government Regulation No. 34 of 2016: Regulates the Income Tax on Transfer of Rights to Land and Buildings
Minister of Agrarian Affairs Regulation No. 3 of 1997: Provides detailed implementation provisions 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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