Real Estate Offer And Acceptance Form Template for Indonesia

The Real Estate Offer And Acceptance Form is a crucial document in Indonesian property transactions, serving as the formal initiation of a property transfer agreement. This document is typically used when a potential buyer wishes to make a formal offer to purchase real estate in Indonesia, whether residential, commercial, or industrial property. It must comply with Indonesian property law, including the Basic Agrarian Law and relevant property regulations. The form includes essential details such as property specifications, purchase price, payment terms, due diligence requirements, and conditions precedent for closing. It serves as the foundation for the subsequent notarial deed of sale (Akta Jual Beli) and must be structured to facilitate smooth processing by the local land office (Badan Pertanahan Nasional). The document is particularly important as it creates binding obligations under Indonesian law while protecting both parties' interests during the transaction process.

1. Parties: Full legal names and details of the buyer (offering party) and seller, including ID numbers/company registration details and addresses as required under Indonesian law

2. Background: Brief context of the transaction and purpose of the offer

3. Definitions: Key terms used throughout the document, including property-specific terminology and Indonesian legal terms

4. Property Details: Complete description of the property including certificate number, land area, building area, address, and boundaries as per land registry records

5. Purchase Price: Offered purchase amount in both numbers and words (in Indonesian Rupiah), including payment terms and schedule

6. Payment Terms: Details of payment method, installments if any, and earnest money (down payment) requirements

7. Due Diligence Period: Timeframe and conditions for property inspection, document verification, and title search

8. Conditions Precedent: Required conditions to be met before the transaction can proceed, including legal and regulatory requirements

9. Closing Terms: Timeline and requirements for transaction completion, including document signing and registration requirements

10. Property Handover: Conditions and timeline for physical possession transfer

11. Representations and Warranties: Statements of fact by both parties regarding their authority to enter the agreement and the property's condition

12. Default and Remedies: Consequences of breach by either party and available remedies

13. Governing Law: Specification of Indonesian law as governing law and relevant jurisdiction

14. Execution: Signature blocks and witness requirements as per Indonesian regulations