The Release Of Personal Property Form is a crucial legal instrument in Indonesian property law, primarily used when transferring ownership rights of personal property between parties. This document type is essential in various contexts, from simple personal transactions to complex business dealings, and must comply with the Indonesian Civil Code (KUHPerdata) and relevant property regulations. The form typically includes detailed information about the property being released, the parties involved, any consideration provided, and specific terms and conditions of the release. It serves as a vital protection mechanism by clearly documenting the transfer of ownership and preventing future disputes. The document is particularly important in Indonesia's legal framework, where formal documentation of property transfers is required for legal certainty and enforcement.
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1. Heading and Date: Title of the document and date of execution
2. Parties: Full legal names and addresses of the releasing party (Releasor) and receiving party (Releasee)
3. Background: Brief context explaining the ownership of the property and reason for release
4. Definitions: Clear definitions of key terms used in the document
5. Property Description: Detailed description of the personal property being released
6. Release Declaration: Formal statement of release and transfer of all rights, title, and interest in the property
7. Consideration: Statement of the payment or consideration (if any) for the release
8. Representations and Warranties: Statements confirming ownership, right to transfer, and property condition
9. Execution: Signature blocks for all parties and witnesses
10. Notarization: Space for notary certification as required under Indonesian law
1. Conditional Release Terms: Used when the release is subject to specific conditions that must be met
2. Third Party Claims: Include when there's a need to address potential claims from third parties
3. Liability Provisions: Added when specific liability arrangements need to be documented
4. Insurance and Risk: Include when transfer of insurance obligations or risk needs to be addressed
5. Dispute Resolution: Added when specific dispute resolution procedures need to be established
6. Governing Language: Include when the document is bilingual to specify which language prevails
1. Schedule A - Property Details: Detailed inventory and description of all property being released
2. Schedule B - Photographs: Visual documentation of the property condition at time of release
3. Schedule C - Existing Agreements: List of any relevant existing agreements affecting the property
4. Appendix 1 - Property Documents: Copies of ownership documents, receipts, or certificates
5. Appendix 2 - Condition Report: Detailed report on the current condition of the property
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Banking and Finance
Retail
Manufacturing
Logistics and Transportation
Education
Healthcare
Hospitality
Legal Services
Asset Management
Insurance
Construction
Relevant Teams
Legal
Operations
Administration
Asset Management
Compliance
Risk Management
Facilities Management
Property Management
Corporate Services
Document Control
Records Management
Relevant Roles
Legal Counsel
Property Manager
Asset Manager
Compliance Officer
Risk Manager
Administrative Officer
Operations Manager
Facility Manager
Corporate Secretary
Contract Administrator
Estate Manager
Inventory Manager
Logistics Coordinator
Business Administrator
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