Document background
The No Home Sale Contract serves as a crucial legal instrument in Indonesian property transactions where there is a need to prevent the sale or transfer of a property for a defined period. This document is commonly used in family arrangements, debt restructuring, or property development scenarios where maintaining current ownership is essential. It must comply with Indonesian Civil Code (KUHPerdata), property laws, and local regulations, requiring proper notarization and potential registration with land authorities. The contract typically includes comprehensive details about the property, duration of sale restriction, permitted exceptions, and enforcement mechanisms, providing security for beneficiaries while ensuring the owner's obligations are clearly defined and legally enforceable.
