The Closed Deed of Sale (Akta Jual Beli) is a crucial legal instrument in Indonesian property law, required for all formal property transfers in Indonesia. This document type is mandatory under Indonesian law for completing property transactions and must be executed before a Licensed Land Deed Official (PPAT). It forms the basis for property right transfers in the National Land Office's records and is essential for ensuring legal certainty in property transactions. The deed includes comprehensive details about the property, parties involved, and transaction terms, while complying with strict formal requirements under Indonesian notarial law. It's particularly important as it serves as the only legally recognized document for transferring property rights in Indonesia's land registration system.
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1. Parties: Detailed identification of the seller and buyer, including their full legal names, ID numbers (KTP), addresses, and their capacity to enter into the agreement
2. Background: Brief history of the property ownership, previous title deed references, and the intention to transfer ownership
3. Definitions: Key terms used in the deed, including property terminology and legal references
4. Object of Sale: Detailed description of the property including certificate number, location, boundaries, size, and any relevant building permits
5. Price and Payment Terms: Agreed purchase price, payment method, and confirmation of payment receipt
6. Representations and Warranties: Seller's declarations regarding property ownership, absence of disputes, and buyer's acknowledgment of property condition
7. Transfer of Rights: Formal transfer of all rights, title, and interest in the property from seller to buyer
8. Handover: Terms and timing of physical property handover
9. Tax Obligations: Statement of tax responsibilities for both parties (BPHTB for buyer, PPh for seller)
10. Closing Provisions: Standard notarial closing statements, including witness details and execution requirements
1. Existing Tenancies: Details of any existing lease agreements or tenancies, used when the property is currently leased
2. Mortgage Release: Provisions regarding the release of existing mortgages, included when the property has outstanding mortgages
3. Power of Attorney: Authorization provisions if either party is represented by an attorney-in-fact
4. Building Handover: Specific provisions for building handover, included when the sale includes buildings or structures
5. Utilities Transfer: Provisions for transfer of utility accounts and deposits, included for properties with existing utility connections
1. Property Description Schedule: Detailed technical description of the property including exact measurements and boundaries
2. Payment Receipt: Official receipt of purchase price payment
3. Property Tax Payment Proof: Evidence of payment of property taxes (PBB) for the current year
4. Property Documentation: Copies of property certificates, building permits, and other relevant documents
5. Identity Documents: Copies of parties' identity cards (KTP) and family cards (KK)
6. Tax Payment Evidence: Proof of payment of transfer taxes (BPHTB and PPh)
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