The Sales Contract For House is a crucial legal document used in Indonesian property transactions to formalize the transfer of residential property ownership. It is essential when any residential property is bought or sold in Indonesia, whether it involves private individuals, developers, or corporate entities. The contract must comply with Indonesian Civil Code requirements, Basic Agrarian Law (UU No. 5/1960), and relevant property regulations. This document typically includes detailed property descriptions, price and payment terms, warranties, and specific provisions required by Indonesian law for property transfers. It serves as the foundation for the property registration process with the Land Office (BPN) and is typically executed before a licensed Indonesian notary public (PPAT - Pejabat Pembuat Akta Tanah).
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1. Parties: Identification of the seller and buyer with complete legal names and details
2. Background: Context of the sale and brief property description
3. Definitions: Key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including certificate number, land area, building area, and boundaries
5. Purchase Price: Agreed purchase price and payment terms
6. Payment Method: Details of how and when payments will be made
7. Conditions Precedent: Conditions that must be fulfilled before the sale can proceed
8. Seller's Representations and Warranties: Seller's guarantees about the property's legal status and condition
9. Buyer's Representations and Warranties: Buyer's guarantees regarding legal capacity and funding
10. Completion: Process and requirements for completing the sale
11. Property Handover: Terms and process for transferring possession
12. Costs and Taxes: Allocation of transaction costs and tax obligations
13. Default and Termination: Consequences of breach and termination rights
14. Governing Law: Confirmation of Indonesian law application
15. Dispute Resolution: Process for resolving any disputes
16. Notices: How formal communications between parties should be made
17. General Provisions: Standard boilerplate clauses
1. Mortgage Details: Include when property purchase involves mortgage financing
2. Property Management Handover: Include for properties within managed complexes
3. Tenant Rights: Include if property is currently tenanted
4. Furniture and Fixtures: Include if sale includes specific furniture or fixtures
5. Development Obligations: Include if property is part of ongoing development
6. Foreign Ownership Provisions: Include if buyer is a foreign national
7. Power of Attorney: Include if either party is acting through representatives
8. Strata Title Provisions: Include for apartments or properties under strata title
1. Property Details Schedule: Detailed technical description of property, including certificate details and exact measurements
2. Payment Schedule: Detailed breakdown of payment installments and dates
3. Property Inspection Report: Results of property inspection and condition assessment
4. List of Included Items: Inventory of furniture, fixtures, and fittings included in sale
5. Land Certificate Documents: Copies of relevant land certificates and ownership documents
6. Building Permits: Copies of building permits and certificates
7. Tax Clearance Documents: Evidence of paid property taxes and other relevant taxes
8. Property Photos: Documented condition of property at time of sale
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Legal Services
Banking & Finance
Construction
Property Development
Property Management
Insurance
Public Administration
Notary Services
Relevant Teams
Legal
Real Estate
Property Management
Compliance
Documentation
Sales
Finance
Administrative Support
Risk Management
Customer Relations
Relevant Roles
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Notary Public
Property Developer
Bank Manager
Mortgage Officer
Property Appraiser
Compliance Officer
Land Registration Officer
Real Estate Transaction Coordinator
Legal Administrative Assistant
Property Documentation Specialist
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