Document background
The Land Transfer Agreement is a crucial document in Indonesian property transactions, used when transferring ownership rights of land between parties. This agreement must be prepared and executed in accordance with Indonesian law, particularly the Basic Agrarian Law and related regulations. It requires preparation by and execution before a licensed land deed official (PPAT), and subsequent registration with the National Land Office. The document includes essential elements such as property details, consideration, warranties, and completion requirements. It's particularly important to note that specific provisions apply when dealing with foreign ownership, different categories of land rights (such as Hak Milik, Hak Guna Bangunan), and various land use classifications under Indonesian law.
