Offer To Purchase Form Template for Indonesia

The Offer to Purchase Form is a fundamental document in Indonesian property transactions, used when a potential buyer wishes to formalize their intention to purchase a property. This document serves as the first step in the property acquisition process, presenting a legally binding offer that, if accepted, leads to a formal sale agreement. The form must comply with Indonesian property laws, including the Basic Agrarian Law (UU No. 5/1960) and relevant regulations governing property transactions. It typically includes detailed information about the property, proposed purchase price, earnest money terms, due diligence provisions, and conditions for completion. The document is particularly important in Indonesian real estate transactions as it helps establish clear terms and protect both parties' interests while ensuring compliance with local property regulations and ownership requirements.

1. Parties: Identification of the potential buyer (offeror) and seller (offeree), including full legal names, addresses, and any relevant registration numbers

2. Background: Brief context explaining the buyer's intention to purchase the specified property

3. Definitions: Key terms used throughout the document defined for clarity and legal certainty

4. Property Details: Complete description of the property including address, land certificate number, building details, and boundaries

5. Purchase Price: Proposed purchase price in numbers and words, currency, and payment terms

6. Earnest Money: Amount of earnest money offered, payment method, and conditions for return or forfeiture

7. Due Diligence Period: Proposed timeframe for conducting property inspection and document verification

8. Closing Terms: Proposed closing date and conditions precedent to closing

9. Property Condition: Statement regarding the condition in which the property is being offered to be purchased

10. Representations: Basic representations about the buyer's capacity and authority to make the offer

11. Expiration of Offer: Deadline for acceptance of the offer by the seller

12. Signature Block: Space for buyer's signature, date, and witness signatures if required