Simple Real Estate Sales Contract Template for Indonesia

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Key Requirements PROMPT example:

Simple Real Estate Sales Contract

"I need a Simple Real Estate Sales Contract for purchasing a residential property in Jakarta, Indonesia, with completion scheduled for March 15, 2025, including provisions for a 20% deposit and property inspection requirements."

Document background
The Simple Real Estate Sales Contract is a fundamental legal instrument used in Indonesian property transactions, designed to facilitate the transfer of real estate ownership while ensuring compliance with local laws and regulations. This document is particularly suitable for straightforward property sales where the terms are relatively standard and both parties seek a clear, comprehensive agreement without complex conditional clauses. It incorporates key requirements from Indonesian property law, including the Civil Code and Basic Agrarian Law, while providing essential protections for both buyers and sellers. The contract is commonly used for residential and small commercial property transactions, covering crucial elements such as property description, price, payment terms, and transfer procedures. It serves as a legally binding agreement that can be registered with relevant authorities and used for property title transfer purposes.
Suggested Sections

1. Parties: Identification and details of the Seller and Buyer, including their legal names, addresses, and ID numbers

2. Background: Context of the transaction and brief description of the property being sold

3. Definitions: Key terms used throughout the agreement

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

5. Purchase Price: Agreed purchase price and payment terms including deposit and completion payment details

6. Payment Method: Specified method of payment and bank account details

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

8. Completion: Details of the completion process, including timing and location

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

10. Buyer's Warranties: Warranties regarding capacity to purchase and source of funds

11. Transfer of Title: Process and obligations regarding the transfer of property title

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

13. Default: Consequences of default by either party

14. Governing Law: Specification of Indonesian law as governing law

15. Dispute Resolution: Process for resolving disputes between parties

16. Notices: How formal notices should be given between parties

17. Execution: Signature blocks and execution requirements

Optional Sections

1. Broker/Agent Provisions: Include when a real estate agent or broker is involved in the transaction

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

3. Property Inspection: Include when there's a need for property inspection before completion

4. Vacant Possession: Include when the property is currently occupied and needs to be vacated

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

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

7. Construction Completion: Include when the property is still under construction

8. Existing Tenancies: Include when the property has existing tenants

Suggested Schedules

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

2. Payment Schedule: Detailed breakdown of payment installments and timing if not a single payment

3. Property Inventory: List of fixtures, fittings, and contents included in the sale

4. Land Certificate Details: Copy or details of the land certificate and ownership history

5. Property Tax Records: Recent property tax payments and outstanding amounts

6. Due Diligence Results: Results of legal and technical due diligence if already completed

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

8. Required Permits: Copies of relevant building 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

Relevant legal definitions
Relevant Industries

Real Estate

Property Development

Construction

Banking & Finance

Legal Services

Property Management

Urban Development

Residential Property

Commercial Property

Investment & Asset Management

Relevant Teams

Legal

Real Estate

Property Management

Sales

Compliance

Operations

Investment

Business Development

Risk Management

Contract Administration

Relevant Roles

Real Estate Agent

Property Lawyer

Legal Counsel

Property Manager

Real Estate Developer

Property Acquisition Manager

Legal Director

Compliance Officer

Real Estate Investment Manager

Property Sales Manager

Contract Administrator

Title Officer

Real Estate Broker

Property Consultant

Notary Public

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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