Option To Buy Agreement Template for Indonesia

1. Due Diligence: Include when the option holder requires specific rights to conduct property investigations during the option period

2. Foreign Investment Provisions: Required when either party is a foreign entity, addressing compliance with Indonesian foreign investment laws

3. Property Management: Include when specific arrangements are needed regarding property maintenance during the option period

4. Assignment Rights: Include when either party may need to transfer their rights under the agreement

5. Broker Provisions: Include when real estate brokers are involved in the transaction

6. Financing Contingencies: Include when the option holder's ability to exercise the option is contingent on obtaining financing

7. Multiple Properties: Include when the option covers multiple properties or parcels with specific terms for each

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

2. Option Fee Payment Schedule: If the option fee is to be paid in installments, details of payment amounts and dates

3. Due Diligence Requirements: Specific requirements and procedures for property inspection and investigation

4. Form of Exercise Notice: Template notice for exercising the option

5. Permitted Encumbrances: List of accepted encumbrances or limitations on the property

6. Property Condition Report: Current condition of the property at the time of option agreement

7. Required Governmental Approvals: List of necessary permits and approvals for property transfer