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The Flat Selling Agreement is a crucial legal document used in Indonesian property transactions for the sale and purchase of apartment units or flats. This agreement is essential when transferring ownership of residential units in multi-story buildings, whether newly developed or existing properties. The document must comply with Indonesian regulations, particularly Law No. 20 of 2011 on Flats (Rumah Susun) and the Basic Agrarian Law. It includes detailed provisions about the property specifications, payment terms, delivery conditions, and ongoing obligations of both parties. The agreement is designed to protect both buyers' and sellers' interests while ensuring compliance with local property laws, building regulations, and consumer protection requirements. It's particularly important in Indonesia's growing urban areas where apartment living is becoming increasingly common and property transactions need to be properly documented and legally secured.

1. Parties: Identification of the seller and buyer, including complete legal names, addresses, and ID numbers

2. Background: Context of the transaction, including brief description of the property and the parties' intention to enter into a sale and purchase agreement

3. Definitions: Definitions of key terms used throughout the agreement

4. Object of Sale: Detailed description of the flat/apartment unit, including unit number, floor, building name, and specifications

5. Purchase Price: Total purchase price, payment schedule, and payment methods

6. Payment Terms: Detailed payment structure, including down payment, installments, and final payment requirements

7. Delivery and Handover: Conditions and timeline for property handover, including inspection procedures

8. Rights and Obligations: Detailed responsibilities and rights of both parties

9. Representations and Warranties: Seller's warranties about the property and buyer's representations regarding capacity to purchase

10. Title Transfer: Process and requirements for legal title transfer

11. Building Management: Terms regarding building management fees and obligations

12. Default and Remedies: Consequences of breach and available remedies

13. Force Majeure: Provisions for unforeseen circumstances affecting contract performance

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

15. Dispute Resolution: Procedures for resolving disputes

16. Notices: Communication methods and contact details for official notices

17. Termination: Conditions and procedures for agreement termination

18. Miscellaneous: Standard boilerplate provisions including severability, entire agreement, and amendments