Mutual Understanding Agreement For Property Template for Indonesia

1. Third Party Rights: Section to be included if there are any existing tenants, easements, or other third-party interests in the property

2. Foreign Ownership Provisions: Required if any party is a foreign national, addressing specific requirements under Indonesian foreign ownership laws

3. Development Rights: Include if the agreement involves potential property development or construction

4. Environmental Matters: Include if there are specific environmental considerations or obligations

5. Insurance: Include if specific insurance requirements need to be addressed

6. Force Majeure: Include if parties want to address unforeseen circumstances affecting the property or agreement

7. Assignment Rights: Include if parties want to address the ability to transfer rights under the agreement

8. Confidentiality: Include if sensitive information will be shared between parties

1. Property Title Documents: Copies of all relevant property certificates and title documents

2. Property Plans: Detailed plans, maps, or drawings of the property including boundaries and measurements

3. Existing Encumbrances: List of any existing mortgages, liens, or other encumbrances on the property

4. Condition Report: Detailed report on the current condition of the property

5. Permits and Licenses: Copies of relevant permits, licenses, and certificates related to the property

6. Payment Terms: Detailed breakdown of any financial arrangements, if applicable

7. Property Photographs: Recent photographs documenting the current state of the property

8. Local Authority Approvals: Copies of any required local authority approvals or certificates