House Sale Agreement Form Template for Indonesia

The House Sale Agreement Form is a vital legal instrument used in Indonesian property transactions to document and formalize the transfer of residential property ownership. This document is essential when conducting property sales in Indonesia, where specific legal requirements under the Basic Agrarian Law and Civil Code must be met. The agreement template is designed to be used for various residential property types, from standalone houses to residential units in multi-story buildings, ensuring compliance with Indonesian property law and regulations. It includes comprehensive provisions for property description, payment terms, warranties, and transfer procedures, while accommodating specific requirements such as notarial deed preparation (AJB - Akta Jual Beli) and registration with the local land office. The document serves as both a preliminary agreement (PPJB - Perjanjian Pengikatan Jual Beli) and can be adapted for the final notarial deed, making it versatile for different stages of the property transaction process.

1. Parties: Details of the seller and buyer, including full legal names, ID numbers (KTP), addresses, and their legal capacity to enter into the agreement

2. Background: Context of the sale, brief description of the property, and confirmation of seller's right to sell

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

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

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

6. Payment Terms: Detailed payment structure, installment arrangements if any, and consequences of payment default

7. Property Transfer Process: Steps for legal transfer of property ownership, including timing and responsibilities

8. Seller's Warranties: Seller's guarantees regarding property ownership, absence of disputes, and property condition

9. Buyer's Obligations: Buyer's responsibilities including payment, due diligence, and compliance with transfer requirements

10. Taxes and Costs: Allocation of transaction costs, transfer taxes, and other fees between parties

11. Handover Process: Timing and process for physical handover of the property and related documentation

12. Default and Remedies: Consequences of breach by either party and available remedies

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

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

15. Notices: Method and addresses for formal communications between parties

16. Execution: Signing requirements and effective date of the agreement