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Rent Payment Contract

Rent Payment Contract Template for Indonesia

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Key Requirements PROMPT example:

Rent Payment Contract

"I need a Rent Payment Contract for a residential apartment in Jakarta, with monthly payments of 15 million Rupiah starting March 2025, including provisions for electronic payments and a three-month security deposit."

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Document background
The Rent Payment Contract 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 formalizing rental arrangements for both residential and commercial properties in Indonesia, ensuring compliance with the Indonesian Civil Code (KUHPerdata) and relevant property laws. It should be used whenever there's a need to establish a structured payment arrangement between landlord and tenant, particularly for long-term rentals or high-value properties. The contract typically includes comprehensive payment terms, security deposit arrangements, penalty clauses for late payments, and specific payment mechanisms, all tailored to meet Indonesian legal requirements and banking regulations. This document becomes particularly important in situations where regular, recurring payments need to be documented and managed in a legally binding manner.
Suggested Sections

1. Parties: Identification and details of the landlord/lessor and tenant/lessee, including their legal names, addresses, and any relevant registration numbers

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

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

4. Property Details: Comprehensive description of the rental property, including address and specific characteristics

5. Rental Period: Duration of the rental agreement, including start and end dates

6. Rent Payment Terms: Amount of rent, payment schedule, payment method, and due dates

7. Security Deposit: Amount, terms of payment and return, and conditions for deductions

8. Utilities and Services: Responsibility for utility payments and included services

9. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance and repairs

10. Rights and Obligations: Detailed responsibilities and rights of both landlord and tenant

11. Termination: Conditions and process for early termination of the agreement

12. Governing Law: Specification of Indonesian law as the governing law

13. Dispute Resolution: Process for resolving disputes between parties

14. Execution: Signature blocks and execution details

Optional Sections

1. Insurance: Requirements for property insurance - include when valuable property or contents are involved

2. Subletting: Terms for subletting the property - include when subletting might be considered

3. Property Modifications: Rules for making changes to the property - include for commercial properties or long-term residential leases

4. Force Majeure: Provisions for unforeseen circumstances - include when requested by either party or for longer-term contracts

5. Pet Policy: Rules regarding keeping pets - include when relevant to residential properties

6. Commercial Use: Provisions for business use - include when property might be used for commercial purposes

7. Guarantor: Details of rent guarantor - include when additional payment security is required

Suggested Schedules

1. Schedule A - Property Inventory: Detailed list of furniture, fixtures, and fittings included in the rental

2. Schedule B - Property Condition Report: Detailed description of property condition at the start of tenancy

3. Schedule C - Payment Schedule: Detailed breakdown of payment dates and amounts

4. Schedule D - House Rules: Specific rules and regulations for the property

5. Appendix 1 - Property Photos: Photographic evidence of property condition

6. Appendix 2 - Utility Readings: Initial utility meter readings at handover

7. Appendix 3 - Required Permits: Copies of relevant permits and certificates

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
Clauses
Parties and Property
Payment Terms
Security Deposit
Late Payment
Payment Method
Payment Schedule
Default and Remedies
Force Majeure
Property Access
Maintenance and Repairs
Utilities and Services
Insurance
Assignment and Subletting
Termination
Property Use
Alterations
Compliance with Laws
Notices
Dispute Resolution
Governing Law
Severability
Entire Agreement
Amendment
Representations and Warranties
Indemnification
Confidentiality
Record Keeping
Tax Obligations
Building Rules
Property Condition
Return of Property
Electronic Payments
Bank Details
Currency
Exchange Rate
Relevant Industries

Real Estate

Residential Property

Commercial Property

Retail

Hospitality

Office Space

Industrial

Education

Healthcare

Professional Services

Relevant Teams

Legal

Real Estate

Facilities Management

Finance

Operations

Compliance

Property Management

Asset Management

Contract Administration

Risk Management

Relevant Roles

Property Manager

Real Estate Agent

Legal Counsel

Contracts Manager

Facilities Manager

Property Administrator

Leasing Manager

Asset Manager

Finance Manager

Operations Manager

Compliance Officer

Real Estate Director

Property Investment Manager

Industries
Indonesian Civil Code (KUHPerdata) - Book III: Contains fundamental provisions regarding contracts, obligations, and agreements, including specific sections on rental agreements (Article 1548-1600)
Law No. 1 of 2011 on Housing and Settlement Areas: Regulates housing matters including rental properties, minimum standards for habitable dwellings, and basic rights and obligations of property owners and tenants
Government Regulation No. 44 of 1994: Specific regulations regarding residential houses including provisions for rental arrangements and tenant rights
Law No. 11 of 2020 (Omnibus Law): Recent updates to various business and property regulations that might affect rental agreements and property rights
Minister of Finance Regulation No. 242/PMK.03/2014: Regulations regarding tax obligations related to rental income and documentation requirements for rental payments
Bank Indonesia Regulation No. 17/3/PBI/2015: Regulations regarding payment transaction processing and obligations for documenting financial transactions, relevant for rent payment arrangements
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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