Sales Contract For House Template for Indonesia

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Key Requirements PROMPT example:

Sales Contract For House

"I need a Sales Contract For House for a residential property in Jakarta, Indonesia, to be completed by March 2025, with specific provisions for installment payments over 6 months and inclusion of all existing furniture and fixtures."

Document background

The Sales Contract For House is a crucial legal document used in Indonesian property transactions to formalize the transfer of residential property ownership. It is essential when any residential property is bought or sold in Indonesia, whether it involves private individuals, developers, or corporate entities. The contract must comply with Indonesian Civil Code requirements, Basic Agrarian Law (UU No. 5/1960), and relevant property regulations. This document typically includes detailed property descriptions, price and payment terms, warranties, and specific provisions required by Indonesian law for property transfers. It serves as the foundation for the property registration process with the Land Office (BPN) and is typically executed before a licensed Indonesian notary public (PPAT - Pejabat Pembuat Akta Tanah).

Suggested Sections

1. Parties: Identification of the seller and buyer with complete legal names and details

2. Background: Context of the sale and brief property description

3. Definitions: Key terms used throughout the agreement

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

5. Purchase Price: Agreed purchase price and payment terms

6. Payment Method: Details of how and when payments will be made

7. Conditions Precedent: Conditions that must be fulfilled before the sale can proceed

8. Seller's Representations and Warranties: Seller's guarantees about the property's legal status and condition

9. Buyer's Representations and Warranties: Buyer's guarantees regarding legal capacity and funding

10. Completion: Process and requirements for completing the sale

11. Property Handover: Terms and process for transferring possession

12. Costs and Taxes: Allocation of transaction costs and tax obligations

13. Default and Termination: Consequences of breach and termination rights

14. Governing Law: Confirmation of Indonesian law application

15. Dispute Resolution: Process for resolving any disputes

16. Notices: How formal communications between parties should be made

17. General Provisions: Standard boilerplate clauses

Optional Sections

1. Mortgage Details: Include when property purchase involves mortgage financing

2. Property Management Handover: Include for properties within managed complexes

3. Tenant Rights: Include if property is currently tenanted

4. Furniture and Fixtures: Include if sale includes specific furniture or fixtures

5. Development Obligations: Include if property is part of ongoing development

6. Foreign Ownership Provisions: Include if buyer is a foreign national

7. Power of Attorney: Include if either party is acting through representatives

8. Strata Title Provisions: Include for apartments or properties under strata title

Suggested Schedules

1. Property Details Schedule: Detailed technical description of property, including certificate details and exact measurements

2. Payment Schedule: Detailed breakdown of payment installments and dates

3. Property Inspection Report: Results of property inspection and condition assessment

4. List of Included Items: Inventory of furniture, fixtures, and fittings included in sale

5. Land Certificate Documents: Copies of relevant land certificates and ownership documents

6. Building Permits: Copies of building permits and certificates

7. Tax Clearance Documents: Evidence of paid property taxes and other relevant taxes

8. Property Photos: Documented condition of property at time of sale

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Legal Services

Banking & Finance

Construction

Property Development

Property Management

Insurance

Public Administration

Notary Services

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Documentation

Sales

Finance

Administrative Support

Risk Management

Customer Relations

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Legal Counsel

Notary Public

Property Developer

Bank Manager

Mortgage Officer

Property Appraiser

Compliance Officer

Land Registration Officer

Real Estate Transaction Coordinator

Legal Administrative Assistant

Property Documentation Specialist

Find the exact document you need

Installment Sales Contract (Real Estate)

An Indonesian law-governed agreement for the sale of real estate through structured installment payments, detailing payment terms and conditions for property transfer.

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Let's create your Sales Contract For House

Authors

Alex Denne

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