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Notice Of Intent To Sell Property for Indonesia

Notice Of Intent To Sell Property Template for Indonesia

A formal document used in Indonesian property transactions to officially declare the owner's intention to sell a property. This notice serves as a legal prerequisite in many property transactions under Indonesian law and must comply with local property regulations and the Basic Agrarian Law (Law No. 5 of 1960). The document includes essential property details, ownership information, and intended timeline for sale, while also serving to notify relevant parties such as tenants or authorities of the impending sale. It plays a crucial role in initiating the property transfer process and ensuring compliance with Indonesian property transfer procedures.

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Notice Of Intent To Sell Property

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What is a Notice Of Intent To Sell Property?

The Notice of Intent to Sell Property is a crucial document in Indonesian property transactions that formally initiates the sale process. It is typically used when a property owner has decided to sell their property and needs to notify relevant parties as required by Indonesian law. The document serves multiple purposes: it provides official notification to interested parties (such as tenants who may have first right of refusal), establishes a timeline for the intended sale, and creates a formal record of the owner's intention. This notice must comply with various Indonesian regulations, including the Basic Agrarian Law and local property transfer requirements. It typically includes detailed property information, current ownership status, and any relevant conditions or restrictions affecting the sale. The document is particularly important in cases involving leased properties, foreign ownership considerations, or properties subject to special regulatory requirements.

What sections should be included in a Notice Of Intent To Sell Property?

1. Sender Details: Full name, address, and contact information of the property owner/seller

2. Date: Official date of the notice

3. Recipient Details: Where applicable, details of specific parties being notified (e.g., tenant, property manager, or relevant authorities)

4. Property Identification: Complete legal description and address of the property being sold

5. Declaration of Intent: Clear statement of intention to sell the property

6. Property Ownership Details: Current ownership status and certification details

7. Proposed Timeline: Intended timeframe for the sale process

8. Current Property Status: Statement about current occupancy, tenancy, or other relevant property status

9. Contact Information: Details for further communication regarding the sale

10. Signature Block: Formal signature section with name and date

What sections are optional to include in a Notice Of Intent To Sell Property?

1. Tenant Notification: Required if the property is currently leased or rented, including specific notice periods as per Indonesian law

2. Property Valuation Summary: Optional inclusion of recent property valuation or asking price if already determined

3. Special Conditions: Any specific conditions or restrictions related to the sale (e.g., heritage status, zoning requirements)

4. Right of First Refusal Notice: Required if any party holds a right of first refusal on the property

5. Foreign Ownership Declaration: Required if the property involves foreign ownership considerations

What schedules should be included in a Notice Of Intent To Sell Property?

1. Property Title Documentation: Copies of property certificates and ownership documents

2. Property Details Schedule: Detailed description of the property including lot size, building specifications, and facilities

3. Photographic Evidence: Recent photographs of the property

4. Land Use Certificates: Copies of relevant zoning and land use permits

5. Tax Documentation: Property tax status and payment history

6. Existing Encumbrances: List of any mortgages, liens, or other encumbrances on the property

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

Document Type

Letter of Intent

Cost

Free to use
Relevant legal definitions
























Clauses

















Relevant Industries

Real Estate

Property Development

Construction

Legal Services

Financial Services

Property Management

Housing

Commercial Property

Hospitality

Retail

Relevant Teams

Legal

Real Estate

Property Management

Asset Management

Compliance

Administrative Services

Facilities Management

Investment

Operations

Risk Management

Relevant Roles

Property Manager

Real Estate Agent

Legal Counsel

Property Lawyer

Asset Manager

Facilities Manager

Real Estate Director

Property Administrator

Compliance Officer

Real Estate Investment Manager

Property Development Manager

Land Registration Officer

Real Estate Transaction Coordinator

Property Portfolio Manager

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

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