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The Rent To Own Home Contract is a specialized agreement used in Indonesian property transactions where traditional purchase financing may not be immediately available or desired. This document serves as a hybrid between a lease agreement and a purchase agreement, providing a pathway to homeownership through an initial rental period combined with a purchase option. It is particularly relevant in Indonesia's growing property market, where alternative financing methods are becoming increasingly popular. The contract must comply with various Indonesian regulations, including the Civil Code (KUHPerdata), Basic Agrarian Law, and consumer protection laws. It typically includes detailed provisions for rental payments, purchase price determination, maintenance responsibilities, and the specific conditions under which the purchase option can be exercised. This document is commonly used by property developers, individual property owners, and potential homebuyers who prefer a gradual transition to property ownership while building equity through rental payments.

1. Parties: Identification of the property owner/seller and the tenant-buyer, including complete legal names, addresses, and identity card numbers (KTP)

2. Background: Context of the agreement, including the property owner's right to sell and the tenant-buyer's intention to purchase through rent-to-own arrangement

3. Definitions: Definitions of key terms used throughout the agreement, including Property, Purchase Price, Rental Period, Option Period, etc.

4. Property Details: Comprehensive description of the property, including address, certificate number, land area, building area, and boundaries

5. Rental Terms: Details of the rental period, monthly rental amount, payment dates, and allocation of rental payments toward purchase price

6. Purchase Option: Terms of the purchase option, including option price, exercise period, and process for executing the purchase

7. Payment Structure: Breakdown of payments, including initial deposit, monthly rentals, portion credited toward purchase, and final payment requirements

8. Maintenance and Repairs: Responsibilities of each party regarding property maintenance, repairs, and improvements during the rental period

9. Insurance and Taxes: Obligations regarding property insurance, land and building tax (PBB), and other applicable taxes

10. Default and Remedies: Consequences of default by either party and available remedies

11. Transfer of Ownership: Process and requirements for transferring property ownership upon exercise of the purchase option

12. Governing Law: Specification of Indonesian law as governing law and relevant jurisdictional matters

13. Termination: Conditions and procedures for agreement termination by either party