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Real Estate Deed

Real Estate Deed Template for Indonesia

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Key Requirements PROMPT example:

Real Estate Deed

"I need a Real Estate Deed drafted for the sale of a commercial warehouse property in Jakarta Industrial Park to a foreign-owned company, with closing scheduled for March 2025, ensuring compliance with foreign ownership restrictions and industrial zoning requirements."

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Document background
The Real Estate Deed is a fundamental legal instrument in Indonesian property transactions, required under the Basic Agrarian Law No. 5/1960 and related regulations. It is used whenever there is a transfer of property ownership rights in Indonesia, whether for residential, commercial, or industrial purposes. The deed must be prepared and executed by a licensed land deed official (PPAT) and contains comprehensive details about the property, parties involved, and transaction terms. It serves multiple purposes: legally transferring property rights, providing evidence of ownership, enabling property registration with the National Land Office, and ensuring compliance with Indonesian property laws and regulations. The document includes various mandatory declarations and warranties, making it essential for protecting both buyers' and sellers' interests in property transactions.
Suggested Sections

1. Parties: Identification of the seller(s) and buyer(s) including complete legal names, ID numbers, addresses, and their legal capacity to enter into the transaction

2. Background: Brief history of the property ownership, previous title deed details, and purpose of the transfer

3. Definitions: Key terms used in the deed including property terminology and legal references

4. Property Details: Comprehensive description of the property including certificate number, land area, building specifications, boundaries, and registered address

5. Transfer Price: Agreed purchase price, payment terms, and confirmation of payment received

6. Representations and Warranties: Seller's declarations regarding property ownership, absence of disputes, and legal status

7. Rights and Obligations: Transfer of rights and responsibilities from seller to buyer, including utility connections and taxes

8. Property Handover: Terms and conditions for physical handover of the property

9. Governing Law: Confirmation of Indonesian law application and jurisdiction

10. Execution: Formal execution clause, notary attestation, and witness details

Optional Sections

1. Mortgage Status: Required if the property has an existing mortgage that needs to be discharged

2. Foreign Ownership Compliance: Required for foreign buyers, detailing compliance with Indonesian foreign ownership restrictions

3. Building Permits: Required for properties with recent construction or pending permits

4. Strata Title Provisions: Required for apartments or units in multi-story buildings

5. Environmental Declarations: Required for properties in environmentally sensitive areas or with specific environmental obligations

6. Special Land Use Conditions: Required if the property is subject to specific zoning or land use restrictions

Suggested Schedules

1. Property Certificate: Certified copy of land certificate and ownership history

2. Site Plan: Official diagram showing property boundaries and measurements

3. Building Specifications: Detailed description of building structures and features

4. Tax Documentation: Property tax payment receipts and tax registration details

5. Identity Documents: Copies of parties' identification documents and marriage certificates if required

6. Power of Attorney: If applicable, authorizing representatives to act on behalf of parties

7. Payment Evidence: Proof of purchase price payment and tax payments related to the transfer

8. Previous Deed: Copy of the previous deed of sale or original acquisition document

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Deed
Property
Land Certificate
Certificate of Title
Land Rights
Right to Build (Hak Guna Bangunan)
Right to Own (Hak Milik)
Seller
Buyer
PPAT
Purchase Price
Completion Date
Land Office
Property Boundaries
Building
Building Permit (IMB)
Permitted Use
Handover Date
Transfer Date
Encumbrances
Land and Building Tax (PBB)
Title Deed
Cadastral Map
Property Registration
Notarial Deed
Land Book
Measurement Certificate
Site Plan
Common Areas
Utilities
Transfer Tax
Business Day
Governing Law
Force Majeure
Material Adverse Change
Representations and Warranties
Spouse Consent
Effective Date
Registration Process
Local Government
Clauses
Party Identification
Property Description
Ownership Rights
Purchase Price
Payment Terms
Title Transfer
Property Handover
Representations and Warranties
Tax Obligations
Registration Requirements
Legal Compliance
Prior Encumbrances
Property Use
Building Status
Utilities Transfer
Environmental Compliance
Zoning Compliance
Foreign Ownership
Spousal Consent
Power of Attorney
Witness Statements
Notarial Attestation
Force Majeure
Dispute Resolution
Governing Law
Severability
Amendment
Notices
Entire Agreement
Execution
Relevant Industries

Real Estate

Property Development

Banking and Finance

Construction

Legal Services

Property Management

Hospitality

Retail

Industrial

Agriculture

Commercial Property

Residential Property

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Facilities Management

Risk Management

Corporate Secretariat

Asset Management

Investment

Operations

Administrative Support

Relevant Roles

Real Estate Lawyer

Property Manager

Legal Counsel

Compliance Officer

Real Estate Agent

Property Developer

Land Registration Officer

Notary Public

Corporate Secretary

Real Estate Investment Manager

Property Acquisition Manager

Asset Manager

Facilities Manager

Risk Manager

Legal Administrator

Industries
Basic Agrarian Law No. 5/1960 (Undang-Undang Pokok Agraria): The fundamental law governing land rights and ownership in Indonesia, establishing the basic principles of land law and different types of land titles
Government Regulation No. 24/1997 on Land Registration: Regulates the land registration process, requirements for property transfers, and the role of land deed officials
Law No. 2/2014 on Notary Position: Governs the authority and obligations of notaries in creating authentic deeds, including property deeds
Government Regulation No. 103/2015: Regulates house ownership by foreigners domiciled in Indonesia, including restrictions and requirements
Law No. 26/2007 on Spatial Planning: Regulates land use and zoning requirements that may affect property development and usage
Law No. 28/2002 on Buildings: Establishes requirements for building ownership, construction, and maintenance standards
Regional Government Law No. 23/2014: Provides framework for regional autonomy including local government authority over land matters
Minister of Agrarian Affairs Regulation No. 3/1997: Details technical aspects of land registration and deed requirements
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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