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Closed Deed Of Sale
"I need a Closed Deed of Sale for the purchase of a commercial warehouse in Jakarta Industrial Estate, with existing tenant agreements that need to be maintained after the transfer, planned for completion by March 2025."
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)
Authors
Real Estate
Property Development
Banking and Finance
Construction
Agriculture (for land transactions)
Industrial
Commercial Property
Residential Property
Hospitality
Retail
Legal
Real Estate
Compliance
Property Management
Asset Management
Finance
Risk Management
Corporate Secretariat
Investment
Documentation
Real Estate Manager
Property Developer
Legal Counsel
Compliance Officer
Risk Manager
Property Manager
Asset Manager
Investment Manager
Corporate Secretary
Finance Director
Land Acquisition Manager
Property Rights Specialist
Real Estate Transaction Coordinator
Legal Documentation Specialist
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