Option To Buy Land Agreement Template for Indonesia

1. Foreign Ownership Provisions: Required when the Option Holder is a foreign entity, detailing compliance with Indonesian foreign ownership restrictions

2. Development Conditions: Include when the property is intended for development, specifying any development restrictions or requirements

3. Environmental Provisions: Required when the property has environmental sensitivities or requirements

4. Access Rights: Include when the Option Holder needs access to the property during the option period for due diligence

5. Tax Provisions: Detailed tax arrangements when complex tax implications exist

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

7. Force Majeure: Include when specific events beyond parties' control should be addressed

8. Broker Provisions: Required when real estate brokers are involved in the transaction

1. Property Description Schedule: Detailed technical description of the property including maps, coordinates, and certificate details

2. Due Diligence Requirements: Checklist and requirements for property investigation and verification

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

4. Payment Schedule: Detailed breakdown of all payments including option fee, purchase price installments if applicable

5. Title Documents: Copies of land certificates and relevant ownership documents

6. Land Use Certificates: Copies of current land use permits and zoning certificates

7. Required Approvals: List of necessary governmental and regulatory approvals needed for transfer

8. Encumbrance Schedule: Details of any existing encumbrances, easements, or restrictions on the property