Rent Payment Agreement Template for Indonesia

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Rent Payment Agreement

"I need a Rent Payment Agreement for a commercial warehouse in Jakarta, Indonesia, with monthly payments in Indonesian Rupiah and electronic payment terms, starting from March 2025, including provisions for a guarantor and quarterly maintenance charges."

Document background
The Rent Payment Agreement serves as a crucial legal instrument in Indonesian property transactions, establishing clear terms for rental payments and related financial obligations. This document is essential when parties need to formalize specific payment arrangements for property rental, whether for residential or commercial purposes. It details payment schedules, methods, penalties, and remedies, all within the framework of Indonesian civil law and property regulations. The agreement protects both landlord and tenant interests by clearly documenting payment terms, helping prevent disputes and providing a clear reference for all payment-related matters. It can be used for both long-term and short-term rentals, and is particularly important in situations where specific payment arrangements or terms need to be documented separately from or in addition to the main lease agreement.
Suggested Sections

1. Parties: Identification and details of the landlord and tenant, including their legal names, addresses, and any registration numbers for businesses

2. Background: Context of the agreement, including brief description of the property and purpose of the rental

3. Definitions: Definitions of key terms used throughout the agreement

4. Rental Amount and Payment Terms: Specified rental amount, payment schedule, method of payment, and due dates

5. Security Deposit: Amount of security deposit, terms of holding, and conditions for return

6. Duration of Agreement: Term of the rental agreement, including start and end dates

7. Payment Obligations: Detailed breakdown of all payment obligations including utilities, maintenance fees, and other charges

8. Late Payment and Penalties: Consequences of late payment, including applicable penalties and interest charges

9. Method of Payment: Specified payment methods and account details

10. Default and Remedies: Circumstances constituting default and available remedies for both parties

11. Notices: How formal notices related to payments should be given between parties

12. Governing Law: Confirmation of Indonesian law as governing law and jurisdiction

13. Execution: Signature blocks and execution requirements

Optional Sections

1. Guarantor Provisions: To be included when there is a third-party guarantor for the rent payments

2. Electronic Payment Terms: Detailed terms for electronic payment methods when specifically agreed

3. Currency Provisions: Required when rent is paid in a foreign currency

4. Indexation: Terms for periodic rent adjustments based on inflation or other indices

5. Force Majeure: Provisions for payment adjustments during extraordinary circumstances

6. Payment Grace Period: When specific grace periods for payments are agreed

7. Direct Debit Authorization: When automatic bank transfers are arranged

8. Sub-letting Payment Terms: When sub-letting is permitted and requires specific payment arrangements

Suggested Schedules

1. Schedule 1 - Payment Schedule: Detailed breakdown of payment dates and amounts throughout the term

2. Schedule 2 - Property Details: Detailed description of the rented property

3. Schedule 3 - Utility Payment Responsibilities: Breakdown of utility payments and responsibilities

4. Schedule 4 - Bank Account Details: Designated account information for rent payments

5. Schedule 5 - Maintenance Fee Schedule: If applicable, breakdown of maintenance fees and payment schedule

6. Appendix A - Payment Receipt Template: Standard format for payment receipts

7. Appendix B - Late Payment Notice Template: Standard format for late payment notices

8. Appendix C - Payment Adjustment Forms: Forms for requesting or documenting payment adjustments

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

Relevant legal definitions
Clauses
Relevant Industries

Real Estate

Property Management

Residential Housing

Commercial Property

Retail

Hospitality

Office Space

Industrial

Education

Healthcare

Logistics

Warehousing

Relevant Teams

Legal

Real Estate

Property Management

Finance

Operations

Facilities Management

Contract Administration

Accounts Receivable

Tenant Relations

Asset Management

Compliance

Administrative Services

Relevant Roles

Property Manager

Real Estate Manager

Legal Counsel

Contract Administrator

Facilities Manager

Leasing Manager

Property Administrator

Real Estate Agent

Housing Officer

Tenant Relations Manager

Asset Manager

Financial Controller

Accounts Receivable Manager

Operations Manager

Compliance 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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