Simple Home Sale Contract Template for Indonesia

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Key Requirements PROMPT example:

Simple Home Sale Contract

"I need a Simple Home Sale Contract for a property in Jakarta, Indonesia, with completion set for March 2025, including standard warranties and basic payment terms with a 20% deposit."

Document background

A Simple Home Sale Contract is the primary legal instrument used in Indonesia for residential property transactions between private parties. This document is essential when transferring ownership of a residential property from a seller to a buyer in Indonesia, ensuring compliance with the Indonesian Civil Code, Basic Agrarian Law, and relevant property regulations. The contract includes crucial details such as property description, purchase price, payment terms, warranties, and completion requirements. It's designed to protect both parties' interests while facilitating a smooth property transfer process. This document is particularly important in the Indonesian context due to specific local requirements regarding property ownership, transfer procedures, and tax obligations. The contract should be executed before a Notary Public and properly registered with relevant authorities to ensure legal validity and enforceability.

Suggested Sections

1. Parties: Identification of the seller and buyer with complete legal names, ID numbers (KTP), and addresses

2. Background: Brief context of the transaction and confirmation of the seller's right to sell the property

3. Definitions: Key terms used throughout the agreement including Property, Purchase Price, Completion Date, etc.

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

5. Purchase Price: The agreed purchase price and payment terms including deposit and balance payment schedule

6. Payment Terms: Detailed breakdown of payment schedule, method of payment, and consequences of late payment

7. Conditions Precedent: Conditions that must be fulfilled before the sale can proceed, including title verification and permits

8. Completion: Process and requirements for completing the sale, including documentation and handover procedures

9. Seller's Warranties: Warranties regarding property ownership, absence of disputes, and condition of the property

10. Buyer's Warranties: Warranties regarding financial capacity and compliance with ownership requirements

11. Costs and Taxes: Allocation of transaction costs, taxes, and fees between parties

12. Default and Termination: Consequences of breach and conditions for contract termination

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

14. Signatures: Execution block for all parties and witnesses

Optional Sections

1. Broker/Agent Provisions: Include when a property agent is involved in the transaction

2. Mortgage Contingency: Include when the purchase is contingent on buyer obtaining financing

3. Foreign Ownership Compliance: Include when buyer is a foreign national, detailing compliance with Indonesian foreign ownership restrictions

4. Tenant Provisions: Include when the property is currently tenanted

5. Renovation Permission: Include when buyer plans immediate renovations requiring seller's consent

6. Furniture and Fixtures: Include when sale includes specific furniture or fixtures

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

8. Due Diligence Period: Include when buyer requires a period for property inspection and verification

Suggested Schedules

1. Property Details Schedule: Detailed description of the property including certificate details, boundaries, and floor plans

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

3. Inventory List: List of furniture, fixtures, and other items included in the sale

4. Property Certificates: Copies of land and building certificates

5. Property Tax Records: Copies of recent property tax payments and certificates

6. Due Diligence Documents: Copies of permits, licenses, and other relevant property documents

7. Property Photographs: Recent photographs documenting the current condition of the property

8. Form of Transfer Deed: Template of the deed of transfer to be executed at completion

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

Property Development

Banking and Finance

Legal Services

Construction

Property Management

Insurance

Property Investment

Residential Housing

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Risk Management

Operations

Sales

Document Management

Customer Relations

Finance

Relevant Roles

Real Estate Agent

Property Lawyer

Notary Public

Property Manager

Real Estate Developer

Mortgage Officer

Property Appraiser

Legal Counsel

Real Estate Broker

Title Officer

Conveyancing Lawyer

Property Administrator

Real Estate Investment Manager

Compliance Officer

Real Estate Transaction Coordinator

Find the exact document you need

Letter Of Intent Non Binding

A non-binding preliminary document under Indonesian law outlining parties' intentions for a potential business transaction or relationship.

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Let's create your Simple Home Sale Contract

Authors

Alex Denne

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