Ƶ

Letter Of Intent For Purchase Of Commercial Property for Indonesia

Letter Of Intent For Purchase Of Commercial Property Template for Indonesia

A Letter of Intent for Purchase of Commercial Property under Indonesian law serves as a preliminary document outlining the key terms and conditions for a proposed commercial property acquisition. This document, while generally non-binding except for specific provisions, establishes the framework for negotiation and subsequent preparation of the final purchase agreement. It addresses essential elements including property details, proposed purchase price, payment terms, and timeline, while incorporating considerations specific to Indonesian property law, including requirements under the Basic Agrarian Law (UUPA) and relevant foreign investment regulations where applicable.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Letter Of Intent For Purchase Of Commercial Property

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Letter Of Intent For Purchase Of Commercial Property?

A Letter Of Intent For Purchase Of Commercial Property is a crucial preliminary document used in Indonesian commercial real estate transactions to establish the initial understanding between parties before proceeding with a formal purchase agreement. This document is typically employed when parties have reached a preliminary agreement on key commercial terms but need to formalize their intent before conducting detailed due diligence and drafting definitive agreements. It includes essential information such as property details, proposed purchase price, payment structure, and timeline, while acknowledging Indonesian legal requirements including property ownership restrictions, registration requirements, and foreign investment regulations where applicable. The document serves as a roadmap for the transaction while typically maintaining its non-binding nature except for specific provisions like confidentiality and exclusivity.

What sections should be included in a Letter Of Intent For Purchase Of Commercial Property?

1. Date and Parties: Full legal names and addresses of both the potential purchaser and property owner

2. Introduction/Background: Brief context of the parties' intentions and the purpose of the LOI

3. Property Description: Detailed description of the commercial property including address, land title details, and building specifications

4. Purchase Price: Proposed purchase price and any price adjustment mechanisms

5. Payment Terms: Outline of proposed payment structure, including deposits and payment schedules

6. Timeline: Proposed timeline for due diligence, definitive agreement, and closing

7. Key Commercial Terms: Essential business terms that will form the basis of the final purchase agreement

8. Non-Binding Nature: Clear statement that the LOI is non-binding except for specific provisions

9. Binding Provisions: Specific provisions that are intended to be binding (confidentiality, exclusivity, governing law)

10. Expiration: Validity period of the LOI and conditions for extension

What sections are optional to include in a Letter Of Intent For Purchase Of Commercial Property?

1. Due Diligence: Detailed requirements and process for due diligence investigation, used when specific investigation requirements need to be agreed upon

2. Exclusivity Period: Terms of exclusive negotiation period, included when seller agrees not to negotiate with other parties

3. Break Fee: Details of any break fee payable if either party withdraws, used in high-value transactions

4. Conditions Precedent: Specific conditions that must be met before proceeding with the transaction, included for complex transactions

5. Broker/Agent Provisions: Details of any broker involvement and commission arrangements, included when brokers are involved

6. Foreign Investment Provisions: Specific provisions related to foreign ownership requirements, included when purchaser is a foreign entity

7. Environmental Matters: Specific environmental investigation requirements or concerns, included for industrial properties or when environmental issues are known

What schedules should be included in a Letter Of Intent For Purchase Of Commercial Property?

1. Property Details Schedule: Detailed technical description of the property including lot number, certificate details, and exact measurements

2. Price Calculation Schedule: Detailed breakdown of the purchase price components and calculation methodology

3. Due Diligence Checklist: List of required documents and investigations for the due diligence process

4. Timeline Schedule: Detailed timeline with specific milestones and deadlines

5. Required Permits Schedule: List of permits and licenses required for the transaction and property use

6. Property Plans: Site plans, floor plans, and other relevant property drawings

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Indonesia

Publisher

Ƶ

Cost

Free to use
Relevant legal definitions



































Clauses



































Relevant Industries

Commercial Real Estate

Retail

Office Space

Industrial

Hospitality

Mixed-use Development

Warehousing and Logistics

Manufacturing

Banking and Financial Services

Healthcare

Relevant Teams

Legal

Real Estate

Finance

Business Development

Compliance

Risk Management

Operations

Corporate Development

Facilities Management

Investment

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Real Estate Director

Property Development Manager

Legal Counsel

Investment Manager

Facilities Manager

Business Development Director

Corporate Real Estate Manager

Risk Manager

Commercial Director

Head of Acquisitions

Property Portfolio Manager

Asset Manager

Compliance Officer

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

Find the exact document you need

Real Estate Investment Operating Agreement

An agreement governing real estate investment operations and management in Indonesia, detailing rights, obligations, and operational procedures under Indonesian law.

find out more

Investment Banking Contract

An Indonesian law-governed agreement establishing terms for investment banking services, incorporating OJK and Bank Indonesia regulatory requirements.

find out more

Investment Banking Agreement

An Indonesian law-governed agreement establishing terms and conditions for investment banking services, ensuring compliance with OJK regulations and local banking laws.

find out more

Simple Investment Agreement

An Indonesian law-governed agreement establishing terms for company investment, share subscription, and investor rights in compliance with local investment regulations.

find out more

Shareholders Agreement And Share Purchase Agreement

An Indonesian law-governed agreement combining share purchase terms and ongoing shareholder arrangements for corporate ownership and governance.

find out more

Bank Repurchase Agreement

An Indonesian law-governed agreement for securities repurchase transactions between financial institutions, incorporating local regulatory requirements and market practices.

find out more

Agreement To Invest In A Business

An Indonesian law-governed agreement setting out terms for business investment, complying with local investment regulations and foreign ownership requirements.

find out more

Investment Contract For Small Business

A legally binding investment agreement for small businesses in Indonesia, outlining investment terms, rights, and obligations while ensuring compliance with Indonesian law.

find out more

Limited Partner Agreement Private Equity

An Indonesian law-governed agreement establishing the relationship between General and Limited Partners in a private equity fund, defining investment terms and regulatory compliance requirements.

find out more

Private Investment Agreement

An Indonesian law-governed agreement establishing terms and conditions for private investment in an Indonesian company, including investment structure, rights, and obligations.

find out more

Contract Agreement For Investment

An Indonesian law-governed agreement establishing terms and conditions for investment transactions, ensuring compliance with local investment regulations and protecting parties' interests.

find out more

Shareholders Agreement And Share Subscription Agreement

An Indonesian law-governed agreement combining share subscription terms with ongoing shareholder relationship regulation and corporate governance framework.

find out more

Purchase Of Shares Agreement

An Indonesian law-governed agreement documenting the terms and conditions for the sale and purchase of shares in a company, including price, warranties, and completion mechanics.

find out more

Memorandum Of Agreement For Investment

Indonesian law-governed investment agreement template establishing terms and conditions for investment in Indonesian entities, compliant with local investment regulations.

find out more

Letter Of Investment Agreement

An Indonesian-law governed agreement detailing investment terms and conditions between investors and recipient companies, ensuring regulatory compliance and protection of parties' interests.

find out more

Joint Investment Agreement

An Indonesian law-governed agreement establishing terms for joint investment between multiple parties, including capital contributions, ownership, and management rights.

find out more

Investment Repayment Agreement

An Indonesian law-governed agreement establishing terms for investment repayment, including payment schedules, security arrangements, and compliance with local investment regulations.

find out more

Deed Of Sale Of Shares Of Stock

An Indonesian notarial deed documenting the legal transfer of company shares from seller to buyer, compliant with Indonesian corporate law.

find out more

Stock Share Agreement

An Indonesian law-governed agreement documenting the terms and conditions for the transfer of company shares between parties, ensuring compliance with local corporate regulations.

find out more

Simple Equity Investment Agreement

Indonesian law-governed agreement for equity investment in companies, detailing share subscription terms and regulatory compliance requirements.

find out more

Simple Stock Purchase Agreement

An Indonesian law-governed agreement for the straightforward purchase and sale of shares between parties, incorporating essential terms and local regulatory requirements.

find out more

Return On Investment Contract

An Indonesian law-governed agreement establishing investment terms, profit-sharing mechanisms, and regulatory compliance requirements for investment arrangements in Indonesia.

find out more

Private Placement Agent Agreement

An Indonesian law-governed agreement appointing a placement agent to conduct private placement of securities, subject to OJK regulations.

find out more

Project Investment Agreement

An Indonesian law-governed agreement establishing terms and conditions for project investment, including regulatory compliance and implementation framework.

find out more

Non Discretionary Investment Advisory Agreement

An Indonesian law-governed agreement establishing a non-discretionary investment advisory relationship, regulated by OJK, where the advisor provides recommendations but the client retains decision-making authority.

find out more

Loss Share Agreement

An Indonesian law-governed agreement between financial institutions establishing terms for sharing losses on specified assets, regulated by OJK.

find out more

Investment Mandate Agreement

An Indonesian law-governed agreement appointing an investment manager to manage client assets under OJK regulations.

find out more

Assignment Of Investment Advisory Contract

An Indonesian law-governed agreement transferring investment advisory services from one licensed advisor to another, compliant with OJK regulations.

find out more

Agreement For Transfer Of Shares

An Indonesian law-governed agreement documenting the transfer of company shares between parties, including terms, conditions, and regulatory compliance requirements.

find out more

Investment Club Operating Agreement

An Indonesian law-governed agreement establishing the structure and operations of an investment club, including membership rights, investment policies, and governance procedures.

find out more

Agreement To Sell Shares Of A Company

An Indonesian law-governed agreement documenting the sale and transfer of company shares between parties, ensuring compliance with local corporate regulations.

find out more

Share Investment Agreement

An Indonesian law-governed agreement detailing terms and conditions for share investment in a company, including investment structure, shareholder rights, and regulatory compliance requirements.

find out more

Investment Subscription Agreement

An Indonesian law-governed agreement documenting terms and conditions for subscribing to shares or securities in a company, including investment terms and regulatory compliance requirements.

find out more

Personal Investment Contract

An Indonesian law-governed agreement establishing terms and conditions for personal investment activities, compliant with OJK regulations.

find out more

Founders Stock Agreement

An Indonesian law-governed agreement establishing share ownership structure and rights between company founders.

find out more

Event Investment Contract

An Indonesian law-governed agreement establishing terms for event investment, including funding, profit-sharing, and operational requirements.

find out more

Share Subscription Agreement And Share Purchase Agreement

An Indonesian law-governed agreement combining share subscription and purchase provisions for new and existing shares in an Indonesian company.

find out more

Limited Partnership Term Sheet

A preliminary agreement outlining key terms for establishing a limited partnership under Indonesian law, setting forth essential partnership conditions and regulatory compliance requirements.

find out more

Restaurant Investment Agreement

An Indonesian law-governed agreement establishing terms for restaurant business investment, including ownership, management rights, and regulatory compliance.

find out more

Real Estate Investment Partnership Agreement

An Indonesian law-governed agreement establishing terms for real estate investment partnerships, addressing property ownership, management, and regulatory compliance.

find out more
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it