The Homesite Lease agreement serves as a legally binding document used in Indonesia for establishing a formal lease arrangement between property owners and tenants for residential properties. This document is essential when any party wishes to lease out or rent a residential property or homesite in Indonesia, ensuring compliance with local property laws and regulations. It incorporates requirements from the Indonesian Civil Code, Basic Agrarian Law, and relevant property regulations, making it suitable for both domestic and international parties. The agreement typically includes detailed terms regarding property usage, maintenance obligations, rental payments, security deposits, and other essential provisions required under Indonesian law. It's particularly important for documenting the rights and obligations of both parties while ensuring the arrangement adheres to local legal requirements for property leasing.
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1. Parties: Identification of the lessor (property owner) and lessee (tenant), including their full legal names, addresses, and any relevant registration numbers
2. Background: Context of the agreement, including brief description of the property and the parties' intention to enter into a lease arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Detailed description of the leased property, including address, boundaries, and certificate of title details
5. Term and Renewal: Duration of the lease, commencement date, expiry date, and any renewal options
6. Rent and Payment Terms: Rental amount, payment schedule, method of payment, and late payment consequences
7. Security Deposit: Amount, terms of holding, and conditions for return of the security deposit
8. Utilities and Services: Responsibility for utility connections, payments, and maintenance of services
9. Maintenance and Repairs: Obligations of both parties regarding property maintenance and repairs
10. Use of Property: Permitted use of the property and any restrictions
11. Insurance: Required insurance coverage and responsibilities of each party
12. Default and Termination: Events of default, consequences, and termination procedures
13. Governing Law: Specification of Indonesian law as governing law and relevant jurisdiction
14. Dispute Resolution: Process for resolving disputes between parties
15. Notices: Method and addresses for formal communications between parties
16. Execution: Signature blocks and execution requirements
1. Foreign Ownership Compliance: Required when either party is a foreign national, detailing compliance with Indonesian foreign ownership laws
2. Subletting: Include when subletting is to be permitted, specifying conditions and requirements
3. Property Modifications: Include when the lessee is permitted to make modifications to the property, specifying conditions and approval processes
4. Force Majeure: Optional clause dealing with unforeseen circumstances and their impact on the lease
5. Property Management: Include when a property manager or agent is involved in managing the lease
6. Guest Policy: Include when there are specific restrictions or rules regarding guests and overnight stays
7. Pet Policy: Include when pets are allowed or specifically prohibited
8. Option to Purchase: Include when the lessee is given an option to purchase the property during or after the lease term
1. Schedule 1 - Property Description: Detailed description of the property including floor plans, boundaries, and included fixtures and fittings
2. Schedule 2 - Inventory List: Detailed list of any furnishings or equipment included in the lease
3. Schedule 3 - Condition Report: Detailed report on the condition of the property at the start of the lease
4. Schedule 4 - House Rules: Any specific rules or regulations applicable to the property or housing complex
5. Schedule 5 - Payment Schedule: Detailed breakdown of rent payments, due dates, and other regular charges
6. Appendix A - Required Permits: Copies of relevant permits and certificates required under Indonesian law
7. Appendix B - Property Title Documents: Copies of relevant property ownership documents
8. Appendix C - Insurance Certificates: Copies of required insurance policies
Relevant legal definitions
Clauses
Relevant Industries
Residential Real Estate
Property Management
Real Estate Development
Housing and Settlement
Construction
Real Estate Investment
Property Services
Facilities Management
Legal Services
Insurance
Relevant Teams
Legal
Real Estate
Property Management
Facilities Management
Operations
Compliance
Contract Administration
Asset Management
Customer Relations
Risk Management
Relevant Roles
Property Manager
Real Estate Agent
Legal Counsel
Facilities Manager
Property Administrator
Lease Administrator
Real Estate Manager
Housing Officer
Compliance Officer
Contract Manager
Property Development Manager
Asset Manager
Real Estate Operations Manager
Tenant Relations Manager
Property Services Coordinator
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