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Commercial Real Estate Offer To Purchase Template for Indonesia

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Key Requirements PROMPT example:

Commercial Real Estate Offer To Purchase

"I need a Commercial Real Estate Offer to Purchase for a retail space in Jakarta's business district, with a planned closing date of March 15, 2025, including provisions for existing tenant arrangements and renovation rights."

Document background
The Commercial Real Estate Offer to Purchase is a crucial document in Indonesian property transactions that initiates the formal process of acquiring commercial real estate. It is typically used when a potential buyer has identified a commercial property of interest and wishes to formalize their intention to purchase under specific terms and conditions. The document must comply with Indonesian property law, including the Basic Agrarian Law and related regulations governing commercial property transactions. It is particularly important as it sets out the fundamental terms of the proposed transaction, including price, payment structure, due diligence requirements, and conditions precedent. This document is especially relevant in Indonesia's growing commercial real estate market, where proper documentation and compliance with local regulations are essential for successful property transactions. The offer to purchase serves as the foundation for subsequent transaction documents and often determines the framework for the final sale and purchase agreement.
Suggested Sections

1. Parties: Identification of the buyer and seller, including complete legal names, registration numbers for companies, and addresses

2. Background: Context of the transaction and brief description of the property being offered for purchase

3. Definitions: Definitions of key terms used throughout the document

4. Property Description: Detailed description of the property including address, land certificate number, building details, and boundaries

5. Purchase Price: The offered purchase price, payment terms, and deposit requirements

6. Payment Terms: Structure and schedule of payments, including deposit, down payment, and final payment arrangements

7. Due Diligence: Buyer's right to conduct property investigations, timeframes, and access arrangements

8. Conditions Precedent: Conditions that must be satisfied before the transaction becomes binding

9. Seller's Representations and Warranties: Seller's declarations regarding property ownership, encumbrances, and condition

10. Buyer's Representations and Warranties: Buyer's declarations regarding legal capacity and financial ability to complete the purchase

11. Closing Process: Steps and requirements for completing the transaction

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 blocks and execution requirements

Optional Sections

1. Financing Contingency: Required if the purchase is contingent on buyer obtaining financing

2. Tenant Rights: Required if the property has existing tenants and lease agreements

3. Environmental Conditions: Required for properties with potential environmental concerns or requiring environmental assessment

4. Development Rights: Required if the property includes unused development rights or pending applications

5. Foreign Investment Provisions: Required if the buyer is a foreign entity or involves foreign investment

6. Property Management: Required if the sale includes ongoing property management arrangements

7. Tax Provisions: Required for complex tax arrangements or special tax considerations

8. Broker Provisions: Required if real estate brokers are involved in the transaction

Suggested Schedules

1. Property Details Schedule: Detailed technical description of the property, including exact measurements and boundaries

2. Title Documents: Copies of land certificates and ownership documentation

3. Due Diligence Checklist: List of required due diligence items and documentation

4. Payment Schedule: Detailed breakdown of payment amounts and timing

5. Existing Tenancies: Details of current lease agreements and tenant obligations

6. Property Permits: Copies of all relevant permits and licenses

7. Property Inspection Report: Technical assessment of the property's condition

8. Land Use Certificates: Zoning and land use documentation

9. Tax Certificates: Property tax payment proof and certificates

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

Banking & Finance

Retail

Hospitality

Manufacturing

Healthcare

Education

Technology

Logistics & Warehousing

Professional Services

Industrial

Energy & Resources

Relevant Teams

Legal

Finance

Real Estate

Operations

Compliance

Risk Management

Business Development

Facilities Management

Property Management

Corporate Development

Investment

Asset Management

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Real Estate Director

Property Manager

Corporate Lawyer

Legal Counsel

Investment Manager

Asset Manager

Facilities Manager

Business Development Director

Commercial Director

Operations Director

Risk Manager

Compliance Officer

Finance Manager

Real Estate Broker

Property Valuator

Development 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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