Tenancy In Common Agreement Template for Indonesia

1. Right of First Refusal: Gives existing co-tenants the first option to purchase if another co-tenant wishes to sell their share

2. Property Manager: Provisions for appointing and governing a property manager when professional management is desired

3. Rental Arrangements: Rules for renting out the property or individual portions when permitted

4. Foreign Ownership Provisions: Special provisions required when one or more co-tenants are foreign nationals

5. Mortgage and Financing: Provisions dealing with existing or future financing arrangements

6. Death or Incapacity: Procedures for handling a co-tenant's interest in case of death or incapacity

7. Insurance Requirements: Specific insurance obligations beyond standard requirements

8. Buy-Out Provisions: Detailed procedures for co-tenants to buy out others' interests

1. Schedule A - Property Description: Detailed legal description of the property including certificates, boundaries, and registrations

2. Schedule B - Ownership Percentages: Detailed breakdown of ownership shares and initial capital contributions

3. Schedule C - Financial Contributions: Initial and ongoing financial obligations of each co-tenant

4. Schedule D - Property Rules and Regulations: Detailed rules for property use, maintenance standards, and occupancy

5. Appendix 1 - Property Management Agreement: Template or actual agreement with property manager if applicable

6. Appendix 2 - Property Plans: Floor plans, site plans, and other relevant property drawings

7. Appendix 3 - Initial Condition Report: Documentation of property condition at agreement commencement

8. Appendix 4 - Insurance Certificates: Copies of required insurance policies and certificates