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Apartment Sale And Purchase Agreement Template for Indonesia

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Key Requirements PROMPT example:

Apartment Sale And Purchase Agreement

"I need an Apartment Sale and Purchase Agreement for a luxury furnished unit in Jakarta, Indonesia, where the buyer will pay in 4 installments between January 2025 and December 2025, with special provisions for imported fixtures and fittings included in the sale."

Document background
The Apartment Sale And Purchase Agreement is a crucial legal document used in Indonesian real estate transactions when transferring ownership of an apartment unit. It is essential for both new developments and resale transactions, ensuring compliance with Indonesian property laws, particularly Law No. 20 of 2011 on Apartment Housing and related regulations. The document serves multiple purposes: it protects the interests of both buyer and seller, details the specific characteristics and price of the property, outlines payment terms and conditions, establishes rights and obligations regarding common areas and facilities, and ensures proper legal transfer of ownership. This agreement is particularly important in Indonesia's growing urban areas where apartment living is increasingly common and property rights must be clearly established and protected.
Suggested Sections

1. Parties: Identification of the Seller (developer/owner) and Buyer, including complete legal names, addresses, and identification numbers

2. Background: Context of the transaction, including brief description of the property and the parties' intention to enter into a sale and purchase agreement

3. Definitions: Definitions of key terms used throughout the agreement, including technical terms related to the apartment unit and property rights

4. Object of Sale: Detailed description of the apartment unit, including unit number, floor, building name, size, and specifications

5. Purchase Price: Total purchase price, payment schedule, and payment methods

6. Terms of Payment: Detailed payment structure, installment plans if applicable, and consequences of payment default

7. Rights and Obligations of the Seller: Seller's commitments, warranties, and responsibilities regarding the property transfer

8. Rights and Obligations of the Buyer: Buyer's commitments, responsibilities, and conduct requirements

9. Handover of the Unit: Conditions and procedures for the physical handover of the apartment unit

10. Title and Ownership Transfer: Process and requirements for legal transfer of the property title

11. Common Areas and Facilities: Rights and obligations regarding common areas and shared facilities

12. Building Management: Provisions regarding building management and service charges

13. Force Majeure: Circumstances constituting force majeure and their consequences

14. Default and Termination: Events of default, remedies, and termination procedures

15. Dispute Resolution: Methods and procedures for resolving disputes between parties

16. Governing Law: Confirmation of Indonesian law as the governing law

17. Notices: Procedures for formal communications between parties

18. Miscellaneous: Standard boilerplate provisions including severability, entire agreement, and amendments

Optional Sections

1. Mortgage and Financing: Include when buyer is using bank financing or mortgage facilities

2. Defect Liability: Include for new developments to specify warranty period and covered defects

3. Construction Completion: Include for units still under construction, specifying completion timeline and consequences of delay

4. Parking Rights: Include when parking space is part of the transaction

5. Furnishing and Fixtures: Include when the unit is sold furnished or with specific fixtures

6. Property Tax Arrangements: Include when specific tax payment arrangements need to be detailed

7. Insurance: Include when specific insurance requirements need to be imposed on either party

Suggested Schedules

1. Floor Plan: Detailed floor plan of the apartment unit showing dimensions and layout

2. Specification List: Detailed specifications of the unit including materials and finishes

3. Payment Schedule: Detailed breakdown of payment installments and due dates

4. Building Rules and Regulations: Copy of the building's rules and regulations

5. Service Charge Details: Breakdown of service charges and maintenance fees

6. Land Certificate Details: Copy or details of the master land certificate

7. Unit Photographs: Current photographs of the unit and common areas

8. Handover Checklist: Detailed checklist for unit inspection and handover process

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions














































Clauses





































Relevant Industries

Real Estate

Property Development

Construction

Banking and Finance

Legal Services

Property Management

Real Estate Investment

Housing Development

Urban Development

Residential Property

Relevant Teams

Legal

Real Estate

Sales

Compliance

Property Management

Business Development

Risk Management

Operations

Finance

Customer Relations

Relevant Roles

Real Estate Lawyer

Property Developer

Sales Director

Legal Counsel

Property Manager

Real Estate Agent

Compliance Officer

Contract Administrator

Property Investment Manager

Real Estate Transaction Manager

Development Director

Sales Manager

Legal Manager

Company Secretary

Risk Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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