The Home Contract serves as the primary legal instrument for residential property transactions in Indonesia, governed by the Indonesian Civil Code and relevant property laws. This document is essential when transferring ownership of residential properties, whether they are standalone houses, apartments, or other residential units. The contract encompasses crucial elements including property details, payment terms, warranties, and compliance with local regulations. It must be executed before a licensed Indonesian notary (PPAT) and requires proper registration with local land offices. The document is designed to protect both parties' interests while ensuring compliance with Indonesian property ownership laws, including specific provisions for foreign ownership if applicable. This standardized agreement helps prevent disputes by clearly outlining all terms and conditions of the property transfer.

1. Parties: Identification and details of the seller and buyer, including their legal names, ID numbers (KTP), addresses, and contact information

2. Background: Context of the transaction, including brief property history and purpose of the agreement

3. Definitions: Key terms used throughout the agreement, defined in both Indonesian and English where appropriate

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

5. Purchase Price: Agreed purchase price, payment terms, method of payment, and payment schedule

6. Transfer of Ownership: Process and conditions for transferring property ownership, including timing and responsibilities

7. Representations and Warranties: Seller's guarantees regarding property ownership, condition, and legal status

8. Rights and Obligations: Detailed responsibilities of both parties before, during, and after the transfer

9. Taxes and Costs: Allocation of transaction costs, including transfer tax, notary fees, and other associated expenses

10. Property Handover: Conditions and process for physical handover of the property

11. Default and Remedies: Consequences of breach and available remedies for both parties

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

13. Dispute Resolution: Process for resolving disputes, including mediation and court proceedings

14. Notices: Method and addresses for official communications between parties

15. Execution: Signature requirements and execution process