Document background
The Apartment Deed (Akta Jual Beli Apartemen) is a crucial legal instrument in Indonesian property transactions, specifically designed for the transfer of apartment ownership rights. This document is required whenever an apartment unit is bought or sold in Indonesia, whether between domestic parties or involving foreign buyers (subject to specific regulations). The deed must be prepared and executed in accordance with Law No. 20 of 2011 on Apartments and related regulations, requiring notarization by an Indonesian Notary Public. It includes comprehensive details about the property, ownership rights, payment terms, and obligations of all parties involved. The document serves multiple purposes: it legally transfers ownership, provides evidence of the transaction, enables registration with the land office, and establishes the framework for ongoing rights and responsibilities related to the apartment unit and common property areas.
