The House Purchase Agreement Form is a crucial legal document used in Indonesian property transactions to formalize the sale and purchase of residential properties. This document is essential when transferring property ownership rights between parties and must comply with Indonesian property law, including the Basic Agrarian Law (UUPA), Building Law, and notarial regulations. It contains comprehensive details about the property, parties involved, purchase price, payment terms, warranties, and specific requirements for legal transfer of title. The agreement must be executed before an Indonesian notary public and registered with relevant authorities. It's particularly important as it forms the basis for the final notarial deed of sale and purchase (Akta Jual Beli - AJB) and ensures all legal requirements for property transfer in Indonesia are met, including proper documentation for land office registration and tax compliance.
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1. Parties: Identification and details of the Seller and Buyer, including complete legal names, ID numbers (KTP), addresses, and any relevant registration numbers for corporate entities
2. Background: Context of the transaction, including brief history of the property ownership and the parties' intention to enter into the sale and purchase transaction
3. Definitions: Definitions of key terms used throughout the agreement, including technical, legal, and property-specific terminology
4. Property Details: Comprehensive description of the property including address, certificate number, land area, building specifications, and boundaries
5. Purchase Price: Specified purchase price, payment terms, method of payment, and payment schedule
6. Payment Terms and Conditions: Detailed payment structure, installment arrangements if applicable, and consequences of payment default
7. Transfer of Title: Process and requirements for legal transfer of property ownership, including notarial deed requirements
8. Representations and Warranties: Seller's warranties regarding property ownership, absence of disputes, and condition of the property
9. Notarial Requirements: Specifications regarding the execution of the deed of sale and purchase (AJB) before a notary
10. Taxes and Costs: Allocation of responsibility for various taxes and costs associated with the transaction
11. Property Handover: Terms and conditions for physical handover of the property, including timing and condition requirements
12. Default and Remedies: Consequences of breach by either party and available remedies
13. Governing Law: Specification of Indonesian law as governing law and relevant jurisdictional provisions
14. Dispute Resolution: Procedures for resolving disputes, including forum selection and process
15. Execution: Formal execution requirements and signature blocks
1. Broker/Agent Provisions: Include when a property agent or broker is involved in the transaction, specifying their role and commission arrangements
2. Mortgage Provisions: Include when the purchase involves bank financing or mortgage arrangements
3. Foreign Ownership Provisions: Include when the buyer is a foreign national, addressing specific requirements and restrictions
4. Strata Title Provisions: Include for apartments or properties under strata title, addressing body corporate matters
5. Construction Completion: Include when the property is still under construction or requires completion works
6. Tenant Rights: Include when the property is currently leased to tenants
7. Environmental Provisions: Include when there are specific environmental considerations or requirements
8. Development Restrictions: Include when there are specific zoning or development restrictions affecting the property
1. Property Certificate Details: Detailed information from the land certificate including exact measurements and boundaries
2. Property Photographs: Recent photographs of the property's exterior and interior
3. Building Permits: Copies of relevant building permits and certificates (IMB)
4. Payment Schedule: Detailed schedule of payment installments if applicable
5. Property Tax Records: History of property tax payments and current status
6. Inventory List: List of fixtures, fittings, and any included furniture or equipment
7. Land Use Certificates: Copies of land use rights and zoning certificates
8. Title Search Results: Results of legal due diligence on the property title
9. Utility Documents: Details of utility connections and recent payment records
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Legal Services
Banking and Finance
Construction
Property Development
Insurance
Property Management
Professional Services
Public Sector
Notarial Services
Relevant Teams
Legal
Real Estate
Sales
Compliance
Risk Management
Business Development
Property Management
Contract Administration
Finance
Operations
Relevant Roles
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Notary Public
Property Developer
Sales Manager
Compliance Officer
Real Estate Broker
Property Appraiser
Title Officer
Mortgage Specialist
Contract Administrator
Business Development Manager
Risk Manager
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