Standard Form Of Cooperative Apartment Sublease Template for Indonesia

The Standard Form Of Cooperative Apartment Sublease is essential for cooperative housing arrangements in Indonesia where a cooperative shareholder wishes to sublease their apartment unit. This document is used when the original lessee (shareholder in the cooperative) needs to temporarily grant occupancy rights to another party while maintaining their ownership of shares in the cooperative corporation. The agreement must balance the rights of the sublessee with the obligations to the cooperative corporation and comply with Indonesian cooperative housing regulations, property laws, and local ordinances. It includes detailed provisions for rent, maintenance, utilities, house rules compliance, and other critical terms. This document is particularly important in major Indonesian cities where cooperative housing arrangements are common, and it must be structured to protect all parties' interests while ensuring compliance with both cooperative bylaws and national housing regulations.

1. Parties: Identification of the Primary Lessee (Cooperative Shareholder) and Sublessee, including their complete legal names and addresses

2. Background: Context of the sublease arrangement, reference to the primary proprietary lease, and cooperative ownership structure

3. Definitions: Key terms used throughout the agreement, including 'Cooperative Corporation', 'Proprietary Lease', 'Shares', etc.

4. Premises: Detailed description of the subleased apartment, including unit number, floor, building address, and included fixtures

5. Term and Renewal: Duration of the sublease, commencement date, termination date, and any renewal options

6. Rent and Security Deposit: Monthly rent amount, payment terms, security deposit requirements, and permitted uses of security deposit

7. Utilities and Services: Responsibility for utilities, maintenance services, and other recurring charges

8. Use and Occupancy: Permitted use of premises, occupancy restrictions, and compliance with cooperative rules

9. Maintenance and Repairs: Responsibilities for maintenance, repairs, and alterations of the premises

10. Cooperative Corporation Rules: Sublessee's obligation to comply with all cooperative rules, regulations, and bylaws

11. Insurance: Required insurance coverage for both parties

12. Default and Remedies: Events of default and available remedies for both parties

13. Termination: Grounds for termination and procedures for early termination

14. Notices: Method and addresses for official communications between parties

15. Governing Law: Specification of Indonesian law as governing law and jurisdiction for disputes