Deed Of Sale Of Real Property Template for Indonesia

The Deed of Sale of Real Property is a fundamental legal document in Indonesian real estate transactions, required under the Basic Agrarian Law (Undang-Undang Pokok Agraria) and related regulations. This document is essential whenever real property ownership is transferred in Indonesia, whether for residential, commercial, or industrial purposes. The deed must be executed before a licensed land deed official (PPAT) and contains crucial information including property details, ownership history, purchase price, and transfer terms. It serves as the primary evidence of property transfer and is required for registration with the National Land Office (BPN). The document ensures compliance with Indonesian property law requirements, including proper payment of transfer taxes and satisfaction of local regulations. This deed is particularly important as it forms the basis for updating the land certificate and officially recording the new ownership.

1. Parties: Identification of the seller and buyer with complete details including name, ID number (KTP), address, and marital status as required under Indonesian law

2. Background: Brief context of the transaction and confirmation of the seller's right to transfer the property

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

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

5. Sale and Purchase Agreement: Core agreement section stating the parties' intention to transfer ownership and acceptance of the transfer

6. Purchase Price: Detailed statement of the agreed purchase price and payment terms

7. Transfer of Title: Specifics of how and when the legal title will transfer to the buyer

8. Seller's Warranties: Warranties regarding property ownership, absence of disputes, and authority to sell

9. Tax Obligations: Allocation of responsibility for transfer tax (BPHTB) and income tax on property sale

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

11. Costs: Allocation of notary fees, registration costs, and other transaction expenses

12. Governing Law: Confirmation that Indonesian law governs the deed

13. Execution: Formal execution block meeting Indonesian notarial requirements