Option Contract (Real Estate) Template for Indonesia

1. Due Diligence: Rights and process for conducting property investigations, used when the option holder requires specific due diligence rights

2. Foreign Investment Provisions: Special provisions required when the option holder is a foreign entity, addressing Indonesian foreign ownership restrictions

3. Broker/Agent Provisions: Terms regarding real estate agents or brokers, included when intermediaries are involved

4. Bank Guarantee: Terms for providing security through a bank guarantee, used when required by the grantor

5. Environmental Matters: Specific provisions regarding environmental conditions and compliance, important for industrial or potentially contaminated properties

6. Development Conditions: Terms regarding future development rights or restrictions, relevant for undeveloped land or properties with development potential

7. Multiple Properties: Additional provisions for handling multiple properties under one option, when applicable

1. Property Description Schedule: Detailed legal description of the property, including certificates, boundaries, and mapping details

2. Option Exercise Notice: Template notice for exercising the option

3. Payment Schedule: Breakdown of payment terms, including option fee and purchase price installments

4. Title Documents: Copies of relevant title certificates and land registration documents

5. Encumbrances Schedule: List of existing encumbrances, easements, or restrictions on the property

6. Due Diligence Documents: List of documents to be provided for due diligence

7. Form of Transfer Deed: Draft of the property transfer deed to be used upon option exercise