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1. Parties: Identification of the Owner/Lessor and Tenant/Potential Buyer, including complete legal names, addresses, and ID numbers
2. Background: Context of the agreement, including property details and parties' intention to enter into a rent-to-own arrangement
3. Definitions: Key terms used throughout the agreement, including Property, Lease Period, Purchase Option, Rent Payments, etc.
4. Property Details: Comprehensive description of the property, including address, certificate number, and specifications
5. Lease Terms: Duration of lease, monthly rental amount, payment terms, and allocation of rent towards purchase
6. Purchase Option: Terms of the purchase option, including final purchase price, credit for rental payments, and exercise period
7. Maintenance and Repairs: Responsibilities for property maintenance, repairs, and improvements during the lease period
8. Insurance and Taxes: Requirements for property insurance and responsibility for property taxes during lease period
9. Default and Termination: Circumstances constituting default, remedies, and termination procedures
10. Exercise of Purchase Option: Process and requirements for exercising the purchase option
11. Transfer of Ownership: Procedures and requirements for final property transfer upon exercise of purchase option
12. Governing Law: Specification of Indonesian law as governing law and relevant jurisdictional matters
13. Dispute Resolution: Procedures for resolving disputes, including mediation and court jurisdiction
14. Notices: Methods and addresses for formal communications between parties
15. Execution: Signature blocks and execution requirements
1. Property Management: Required when the property is part of a managed complex or apartment building, detailing management rules and fees
2. Subletting Prohibition: Include when subletting needs to be explicitly prohibited or regulated
3. Foreign Ownership Provisions: Required when either party is a foreign national, addressing compliance with Indonesian foreign ownership restrictions
4. Early Purchase Option: Terms for exercising the purchase option before the standard exercise date, if permitted
5. Property Modifications: Required when specific rules about property modifications need to be established
6. Death or Incapacity: Succession provisions in case of death or incapacity of either party
7. Guarantor: Required when a guarantor is involved in guaranteeing the tenant's obligations
8. Force Majeure: Detailed provisions for handling unforeseen circumstances affecting the agreement
1. Schedule A - Property Description: Detailed description of the property, including floor plans, boundaries, and included fixtures
2. Schedule B - Payment Schedule: Detailed breakdown of monthly payments, including portion allocated to purchase price
3. Schedule C - Property Condition Report: Documentation of property condition at commencement of lease
4. Schedule D - Maintenance Requirements: Detailed maintenance obligations and standards
5. Schedule E - Purchase Price Calculation: Formula and method for calculating final purchase price, including rental credits
6. Appendix 1 - Property Certificates: Copies of relevant property certificates and ownership documents
7. Appendix 2 - Required Insurance: Details of required insurance coverage and terms
8. Appendix 3 - Property Rules: Applicable building or complex rules and regulations
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