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The As Is Real Estate Contract is a specialized agreement used in Indonesian property transactions where the buyer agrees to purchase the property in its existing condition, without requiring the seller to make repairs or improvements. This document is particularly relevant in situations involving distressed properties, quick sales, or when sellers wish to limit their post-sale liability. The contract must comply with Indonesian Civil Code requirements and the Basic Agrarian Law, including mandatory execution before a Land Deed Official (PPAT). It typically includes detailed property descriptions, explicit condition disclaimers, and buyer acknowledgments while incorporating specific Indonesian legal requirements for property transfers. This type of agreement is commonly used in both residential and commercial transactions where the buyer has conducted thorough due diligence and accepts any existing property defects or issues.

1. Parties: Identification of the seller and buyer with complete legal names, addresses, and identity card numbers (KTP) as required under Indonesian law

2. Background: Context of the transaction, including brief property history and intention to sell/purchase on an 'as is' basis

3. Definitions: Key terms used in the agreement, including property-specific terminology and Indonesian legal terms

4. Property Description: Detailed description of the property including certificate number, land area, building area, and boundaries as per land certificate

5. Purchase Price and Payment Terms: Agreed purchase price, payment schedule, and method of payment including any deposit requirements

6. As Is Condition: Clear statement that property is sold in its current condition with buyer's acknowledgment of existing condition

7. Representations and Warranties: Limited warranties from seller regarding ownership and authority to sell; explicit disclaimers of other warranties

8. Property Inspection: Confirmation of buyer's inspection and acceptance of property condition

9. Transfer of Title: Process and requirements for legal transfer of property ownership through PPAT

10. Costs and Taxes: Allocation of transaction costs, transfer taxes, and other fees

11. Risk and Insurance: Transfer of risk and responsibility for property insurance

12. Default and Remedies: Consequences of breach by either party and available remedies

13. Governing Law: Specification of Indonesian law as governing law and jurisdiction

14. Execution: Signature requirements and execution process