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Letter Of Offer To Sell Property

Letter Of Offer To Sell Property Template for Indonesia

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Key Requirements PROMPT example:

Letter Of Offer To Sell Property

"I need a Letter of Offer to Sell Property for a commercial office building in Jakarta CBD, including specific conditions about current tenant agreements that expire in March 2025 and requirements for building renovations to be completed before handover."

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Document background
The Letter of Offer to Sell Property is a crucial document in Indonesian property transactions that initiates the formal sales process. It is typically used when a property owner has decided to sell their property and wants to make a formal written offer to a potential buyer. The document must comply with Indonesian property laws, including the Basic Agrarian Law and relevant property regulations, particularly considering specific requirements for different types of property and ownership structures. The letter includes essential information such as property details, pricing, payment terms, and conditions of sale, serving as a foundation for negotiations and the subsequent sale agreement. This document is particularly important in Indonesia's property market, where formal documentation and clear communication of terms are essential for legal compliance and protection of both parties' interests.
Suggested Sections

1. Sender's Details: Full name, address, and contact information of the property owner/seller

2. Date: Date of the offer letter

3. Recipient's Details: Full name, address, and contact information of the prospective buyer

4. Property Description: Complete details of the property being offered, including address, land certificate number, and property specifications

5. Offer Price: Clear statement of the selling price and currency

6. Payment Terms: Proposed payment structure, including deposit requirements and payment schedule

7. Validity Period: Duration for which the offer remains valid

8. Basic Terms and Conditions: Essential conditions of the sale, including property transfer process and timeline

9. Closing: Formal closing statement and signature block

Optional Sections

1. Property History: Include when the property has significant historical information that could affect the sale

2. Current Tenancy Details: Include when the property is currently tenanted

3. Foreign Ownership Provisions: Include when the prospective buyer is a foreign national

4. Renovation/Repair Details: Include when there are ongoing or required renovations or repairs

5. Financing Options: Include when seller is offering specific financing arrangements

6. Property Tax Status: Include when there are specific tax considerations or outstanding tax matters

7. Strata Title Information: Include for apartments or properties under strata management

Suggested Schedules

1. Property Title Documents: Copies of land certificates and ownership documentation

2. Property Photographs: Recent photographs of the property's exterior and interior

3. Floor Plans: Detailed floor plans and property measurements

4. Property Tax Receipts: Recent property tax payment evidence

5. Building Permits: Copies of relevant building permits and certificates

6. Property Inspection Report: Recent property condition assessment report

7. Location Map: Map showing property location and surrounding area

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
Property
Seller
Buyer
Purchase Price
Deposit
Completion Date
Land Certificate
Property Title
Certificate of Ownership (Sertifikat Hak Milik)
Right to Build Certificate (Sertifikat Hak Guna Bangunan)
Building Permit (IMB)
Property Tax (PBB)
Land and Building Transfer Tax (BPHTB)
Deed of Sale and Purchase (Akta Jual Beli)
Notarial Deed
Due Diligence Period
Encumbrances
Fixtures and Fittings
Settlement Date
Business Day
Force Majeure
Maintenance Charges
Strata Title
Common Property
Property Manager
Valid Offer Period
Payment Terms
Transfer Costs
Relevant Industries

Real Estate

Property Development

Legal Services

Banking and Finance

Construction

Commercial Property

Residential Property

Property Investment

Property Management

Corporate Real Estate

Relevant Teams

Legal

Real Estate

Property Management

Sales

Business Development

Investment

Asset Management

Acquisitions

Compliance

Finance

Relevant Roles

Real Estate Agent

Property Manager

Legal Counsel

Property Developer

Real Estate Broker

Sales Manager

Property Consultant

Corporate Lawyer

Real Estate Attorney

Investment Manager

Asset Manager

Business Development Manager

Property Valuer

Real Estate Investment Officer

Acquisition Manager

Industries
Indonesian Civil Code (Kitab Undang-undang Hukum Perdata): Governs basic contract law principles, including formation of contracts, legal requirements for valid agreements, and rights and obligations of contracting parties
Basic Agrarian Law No. 5 of 1960 (Undang-Undang Pokok Agraria): Fundamental law governing land rights and property ownership in Indonesia, including different types of land titles and ownership restrictions
Government Regulation No. 24 of 1997 on Land Registration: Regulates the registration of land rights and property transfers, including requirements for valid property transactions
Law No. 20 of 2011 on Apartments (Rumah Susun): Specific regulations governing apartment/condominium ownership and transactions, if the property in question is an apartment unit
Government Regulation No. 103 of 2015: Regulates house ownership by foreigners domiciled in Indonesia, including restrictions and requirements for foreign property ownership
Minister of Agrarian Affairs Regulation No. 3 of 1997: Details the implementation of property registration procedures and requirements for property transfer documentation
Law No. 28 of 2002 on Buildings: Regulates building requirements, permits, and standards that may affect property transactions
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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