A Seller Affidavit is a crucial document in Indonesian property and asset transactions, providing legally binding declarations from the seller about the condition, ownership, and status of the subject matter being sold. This document is particularly important in Indonesia's civil law system, where formal documentation and notarization are essential for legal validity. The Seller Affidavit typically accompanies major transactions and provides buyers with verified information and legal recourse. It must be executed before an authorized Indonesian notary and typically includes statements about ownership history, encumbrances, disputes, and compliance with local regulations. The document is commonly used in property transactions, major asset sales, and corporate dealings, serving as both a risk management tool and a legal requirement in many Indonesian jurisdictions.
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1. Opening Declaration: Formal opening stating this is an affidavit, including the date and location of execution
2. Affiant Information: Full legal name, identification details, and address of the seller making the affidavit
3. Property/Asset Description: Detailed description of the property or assets being sold, including registration numbers, addresses, or other identifying information
4. Title and Ownership Declaration: Statement confirming legal ownership and right to sell, including how and when the property was acquired
5. Encumbrance Declaration: Statement regarding any existing liens, mortgages, or other encumbrances on the property
6. Legal Proceedings Declaration: Statement regarding any pending legal proceedings or disputes affecting the property
7. Compliance Declaration: Statement confirming compliance with relevant laws and regulations
8. Verification Statement: Final statement verifying all information is true and correct to the best of seller's knowledge
9. Execution Block: Space for signature, date, and notary acknowledgment
1. Environmental Conditions: For real property sales, declarations regarding environmental conditions or hazards
2. Tenant Declaration: For property with existing tenants, details of tenancy agreements and status
3. Tax Status: Declaration regarding property tax payment status and any outstanding tax obligations
4. Development Status: For properties under development, statement regarding construction status and permits
5. Maintenance History: For machinery or equipment sales, declaration of maintenance history and current condition
6. Indigenous Rights Declaration: For land sales in areas with potential indigenous rights claims
7. Foreign Ownership Compliance: For sellers who are foreign nationals, confirmation of compliance with foreign ownership restrictions
1. Property Documents: Copies of relevant property certificates, titles, or registration documents
2. Identity Documents: Copies of seller's identification documents and any corporate documentation if seller is a company
3. Tax Documents: Copies of recent property tax payments or certificates
4. Supporting Photographs: Recent photographs of the property or asset being sold
5. Prior Agreements: Copies of relevant prior agreements affecting the property
6. Authority Documents: If signing on behalf of a company, documents proving authority to execute the affidavit
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Manufacturing
Agriculture
Mining
Construction
Retail
Automotive
Industrial Equipment
Commercial Property
Hospitality
Infrastructure
Shipping and Maritime
Relevant Teams
Legal
Real Estate
Compliance
Property Management
Sales
Business Development
Risk Management
Corporate Secretariat
Operations
Asset Management
Relevant Roles
Legal Counsel
Property Manager
Real Estate Agent
Corporate Secretary
Compliance Officer
Asset Manager
Director of Operations
Chief Legal Officer
Transaction Manager
Land Acquisition Manager
Property Development Manager
Sales Director
Business Development Manager
Risk Manager
Notary Public
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