Property Evaluation Form for Indonesia

Property Evaluation Form Template for Indonesia

A comprehensive property evaluation document used in Indonesia that complies with national property valuation standards and regulations, including the Minister of Finance Regulation No. 101/PMK.01/2014 and relevant provisions of the Basic Agrarian Law. The form provides a structured framework for assessing various property characteristics, including physical conditions, legal status, market value, and potential constraints or opportunities. It serves as an official record for property valuation purposes, supporting various transactions and financial decisions while ensuring compliance with Indonesian property laws and regulations.

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What is a Property Evaluation Form?

The Property Evaluation Form is a crucial document used in Indonesian real estate transactions and property assessments, designed to meet the requirements of both local regulations and international valuation standards. This document is typically required when conducting property valuations for sale, purchase, mortgage, insurance, tax assessment, or asset management purposes. The form incorporates key elements of Indonesian property law, including considerations from the Basic Agrarian Law and relevant Ministry of Finance regulations. It provides a comprehensive framework for evaluating both physical and legal aspects of a property, market conditions, and value determinants. The document is structured to ensure consistency in property evaluations across different regions of Indonesia while accommodating specific local requirements and property characteristics.

What sections should be included in a Property Evaluation Form?

1. Property Identification: Basic details including property address, registration number, and ownership information

2. Property Classification: Category of property (residential, commercial, industrial, etc.) and zoning information

3. Physical Characteristics: Detailed description of land area, building size, number of floors, room configuration, and construction quality

4. Location Analysis: Assessment of neighborhood characteristics, accessibility, and surrounding infrastructure

5. Legal Status: Details of property rights, certificates, permits, and any legal encumbrances

6. Technical Assessment: Evaluation of building condition, utilities, facilities, and maintenance status

7. Market Analysis: Current market conditions, comparable properties, and recent transactions in the area

8. Valuation Methodology: Description of approaches used for property valuation

9. Value Assessment: Final value determination with supporting calculations

10. Certification: Evaluator's credentials, declaration, and signature

What sections are optional to include in a Property Evaluation Form?

1. Environmental Assessment: Detailed environmental impact analysis, required for properties in environmentally sensitive areas or with potential contamination

2. Historical Significance: Assessment of cultural or historical value, required for heritage buildings or properties in conservation areas

3. Income Analysis: Detailed income and expense analysis, included for income-producing properties

4. Development Potential: Analysis of future development possibilities, relevant for vacant land or properties with redevelopment potential

5. Disaster Risk Assessment: Evaluation of natural disaster risks, required for properties in disaster-prone areas

6. Tenant Analysis: Review of existing tenancy arrangements, included for leased properties

What schedules should be included in a Property Evaluation Form?

1. Appendix A - Property Photographs: Comprehensive photographic documentation of the property

2. Appendix B - Location Maps: Site plans, location maps, and aerial photographs

3. Appendix C - Floor Plans: Detailed architectural drawings and floor plans

4. Appendix D - Title Documents: Copies of property certificates and legal documents

5. Appendix E - Comparable Properties: Detailed analysis of comparable property sales and listings

6. Appendix F - Building Permits: Copies of relevant permits and certificates

7. Appendix G - Technical Reports: Supporting technical assessments (structural, mechanical, etc.)

8. Appendix H - Valuation Calculations: Detailed calculations and methodologies used in value determination

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Indonesia

Publisher

Genie AI

Document Type

Evaluation Form

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Real Estate

Banking and Finance

Insurance

Construction

Property Development

Professional Services

Public Sector

Asset Management

Investment Management

Property Technology

Relevant Teams

Real Estate

Valuations

Asset Management

Risk Assessment

Property Management

Investment Analysis

Mortgage Services

Legal Affairs

Tax Assessment

Facilities Management

Relevant Roles

Property Valuer

Real Estate Appraiser

Property Manager

Asset Manager

Real Estate Agent

Bank Loan Officer

Mortgage Underwriter

Property Developer

Investment Analyst

Insurance Assessor

Tax Assessor

Real Estate Investment Manager

Property Portfolio Manager

Facilities Manager

Risk Assessment Officer

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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