The Deed of Sale of Property is a crucial legal instrument in Indonesian property transactions, required for the formal transfer of property ownership rights. This document is mandatory under Indonesian law and must be prepared by an authorized Land Deed Official (PPAT) or Notary Public. It serves as the official record of property transfer and is essential for subsequent property registration at the National Land Office. The deed includes comprehensive details about the property, parties involved, transaction terms, and legal obligations. It's used in various contexts, from residential to commercial property transfers, and must comply with the Basic Agrarian Law, Civil Code, and relevant property regulations. The document is particularly important as it provides legal certainty for both parties and serves as the basis for updating land records and certificates.
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1. Parties: Identification of the seller and buyer with complete legal names, addresses, and identification numbers
2. Background: Context of the sale including brief property history and current ownership status
3. Definitions: Key terms used throughout the deed defined for clarity and legal certainty
4. Property Details: Comprehensive description of the property including certificate number, land area, building area, boundaries, and address
5. Sale Price and Payment Terms: Agreed purchase price, payment method, and payment schedule if applicable
6. Transfer of Rights: Legal provisions regarding the transfer of ownership rights from seller to buyer
7. Seller's Warranties: Seller's guarantees regarding property ownership, absence of disputes, and property condition
8. Handover Terms: Conditions and timing for physical handover of the property
9. Tax Obligations: Allocation of tax responsibilities between parties (BPHTB, PPh, etc.)
10. Costs and Expenses: Distribution of deed costs, registration fees, and other transaction expenses
11. Force Majeure: Provisions for unforeseen circumstances affecting the completion of the sale
12. Governing Law: Confirmation of Indonesian law application and jurisdiction
13. Closing Provisions: Final declarations and signature requirements
1. Tenant Provisions: Required when the property is currently leased or occupied by tenants
2. Mortgage Release: Needed when the property has an existing mortgage that needs to be discharged
3. Development Rights: Include when the property includes unused development rights or pending permits
4. Shared Facilities: Required for properties in complexes with shared amenities or strata titles
5. Environmental Conditions: Include when property has specific environmental considerations or obligations
6. Power of Attorney: Required when either party is represented by an authorized representative
7. Installment Terms: Include when payment is to be made in installments rather than single payment
1. Property Title Documents: Copies of land certificates and building permits
2. Property Tax Records: History of property tax payments and current status
3. Site Plan: Detailed plan showing property boundaries and structures
4. Photo Documentation: Current photographs of the property condition
5. Payment Receipt: Proof of payment or deposit for the transaction
6. Identity Documents: Copies of parties' identification and supporting documents
7. Power of Attorney Documents: If applicable, authorization documents for representatives
8. Previous Agreements: Relevant prior agreements affecting the property
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Development
Construction
Banking and Finance
Legal Services
Property Management
Urban Planning
Agriculture (for agricultural land)
Commercial Property
Residential Property
Industrial Property
Relevant Teams
Legal
Real Estate
Property Management
Compliance
Corporate Affairs
Operations
Investment
Risk Management
Documentation
Business Development
Relevant Roles
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Notary Public
Land Deed Official
Property Developer
Real Estate Investment Manager
Compliance Officer
Title Officer
Real Estate Transaction Coordinator
Property Rights Specialist
Corporate Lawyer
Real Estate Director
Land Registration Officer
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