Sale And Purchase Deed Template for Indonesia

The Sale and Purchase Deed (Akta Jual Beli) is a crucial legal instrument in Indonesian property law, required for all formal transfers of land and building ownership. It must be prepared and executed in accordance with strict legal requirements under Indonesian law, including the Basic Agrarian Law No. 5 of 1960 and Government Regulation No. 24 of 1997. This deed is used when there is a definitive agreement to transfer property ownership and all prerequisites (such as tax payments and document verifications) have been fulfilled. The document serves multiple purposes: it finalizes the property transfer, provides evidence of ownership change, and serves as the basis for title registration at the National Land Agency (BPN). It must contain specific details about the property, parties involved, and transaction terms, and must be executed before an authorized Land Deed Official (PPAT).

1. Title and Deed Number: Official title of the deed and its registration number as assigned by the PPAT

2. Time and Place of Execution: Date, time, and location where the deed is executed

3. Parties: Complete details of the seller(s) and buyer(s) including full names, ID numbers, addresses, and their legal capacity to enter into the transaction

4. Background: Brief history of the property ownership and the intention to conduct the sale and purchase transaction

5. Definitions: Key terms used in the deed including property description, certificates, and technical terms

6. Property Details: Comprehensive description of the property including land certificate number, location, boundaries, size, and building details if applicable

7. Price and Payment Terms: Agreed purchase price and confirmation of payment completion

8. Seller's Declarations: Warranties regarding property ownership, absence of disputes, and authority to sell

9. Transfer of Rights: Legal statement of transfer of property rights from seller to buyer

10. Tax Obligations: Confirmation of payment of transfer tax (BPHTB) and other applicable taxes

11. Closing Provisions: Final statements, witness details, and execution requirements