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Property Settlement Agreement
"I need a Property Settlement Agreement to formalize the division of three residential properties in Jakarta following a divorce, with completion planned for March 2025, including special provisions for shared custody arrangements affecting property access."
1. Parties: Identifies and provides full details of all parties involved in the settlement, including their legal capacity
2. Background: Outlines the context of the settlement, including the relationship between parties and reason for the settlement
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Property Details: Comprehensive description of all properties subject to the settlement, including legal titles and registration details
5. Settlement Terms: Details of how the property will be divided or transferred, including timing and conditions
6. Financial Considerations: Specifies any financial arrangements, including payments, costs, and tax implications
7. Transfer Process: Outlines the procedure for transferring property ownership, including registration requirements
8. Representations and Warranties: Statements of fact and guarantees by each party regarding the property and their capacity
9. Costs and Taxes: Allocation of responsibility for settlement costs, transfer taxes, and related expenses
10. Governing Law: Specifies Indonesian law as governing law and relevant jurisdictional matters
11. Dispute Resolution: Procedures for resolving any disputes arising from the agreement
12. Execution: Formal signing requirements and execution process in accordance with Indonesian law
1. Foreign Ownership Provisions: Required when one party is a foreign national, addressing specific requirements under Indonesian foreign ownership laws
2. Matrimonial Property Provisions: Needed when the settlement arises from divorce or separation, addressing joint and separate property
3. Mortgage and Encumbrances: Required when properties are subject to existing mortgages or other encumbrances
4. Third Party Rights: Necessary when there are existing tenants or other third-party interests in the property
5. Business Assets: Required when the property settlement includes business premises or commercial assets
6. Interim Management: Needed when there's a significant gap between agreement and settlement, detailing property management during this period
7. Tax Indemnities: Required for complex settlements with significant tax implications
1. Schedule A - Property Inventory: Detailed list and description of all properties included in the settlement
2. Schedule B - Title Documents: Copies of land certificates, title deeds, and registration documents
3. Schedule C - Valuation Reports: Professional valuations of properties included in the settlement
4. Schedule D - Outstanding Liabilities: List of mortgages, liens, or other encumbrances affecting the properties
5. Schedule E - Transfer Timeline: Detailed timeline for property transfers and associated actions
6. Appendix 1 - Property Photos: Recent photographs of properties included in the settlement
7. Appendix 2 - Building Permits: Copies of relevant building permits and certificates
8. Appendix 3 - Tax Certificates: Property tax payment certificates and related tax documentation
Authors
Property
Settlement Date
Completion Date
Transfer Date
Effective Date
Hak Milik (Right of Ownership)
Hak Guna Bangunan (Right to Build)
Hak Pakai (Right to Use)
PPAT (Land Deed Official)
BPN (National Land Office)
Notarial Deed
Land Certificate
Settlement Sum
Transfer Costs
Encumbrances
Outstanding Liabilities
Property Documents
Title Documents
Permitted Use
Business Day
Completion Requirements
Default Event
Force Majeure
Governing Law
IMB (Building Permit)
PBB (Land and Building Tax)
BPHTB (Land and Building Rights Transfer Duty)
Harta Bersama (Joint Property)
Harta Bawaan (Separate Property)
Property Rights
Registration Process
Settlement Terms
Valuation Report
Relevant Authority
Dispute Resolution
Representations and Warranties
Tax Obligations
Transfer Requirements
Transfer of Ownership
Consideration
Payment Terms
Settlement Conditions
Registration Requirements
Property Handover
Representations and Warranties
Tax Obligations
Costs and Expenses
Title and Ownership
Encumbrances
Due Diligence
Completion Requirements
Risk and Insurance
Default and Remedies
Force Majeure
Notices
Assignment
Severability
Entire Agreement
Amendment
Governing Law
Dispute Resolution
Confidentiality
Further Assurance
Indemnification
Property Maintenance
Third Party Rights
Compliance with Laws
Foreign Ownership
Land Use
Building Requirements
Environmental Compliance
Property Access
Termination
Survivorship
Real Estate
Legal Services
Banking & Finance
Property Development
Family Law
Notarial Services
Property Management
Construction
Investment Management
Residential Property
Legal
Real Estate
Property Management
Compliance
Administrative Support
Document Processing
Asset Management
Risk Management
Family Law
Property Registration
Legal Counsel
Property Lawyer
Real Estate Manager
Notary Public
Land Deed Official
Property Agent
Estate Manager
Legal Director
Compliance Officer
Property Rights Specialist
Family Law Attorney
Real Estate Administrator
Settlement Officer
Property Transfer Specialist
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