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Company Let Agreement for Indonesia

Company Let Agreement Template for Indonesia

This document is a comprehensive commercial lease agreement governed by Indonesian law, specifically designed for company-to-company property leasing arrangements. It incorporates provisions compliant with Indonesian Civil Code requirements and commercial property regulations, including specific considerations for building safety, permitted use, and local zoning requirements. The agreement addresses all essential aspects of commercial property leasing, from rent and maintenance obligations to dispute resolution mechanisms, while ensuring compliance with both national and regional Indonesian property laws.

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Company Let Agreement

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What is a Company Let Agreement?

The Company Let Agreement serves as a formal legal instrument for commercial property leasing transactions between companies in Indonesia. This document is essential when a company (as landlord) intends to lease commercial property to another company (as tenant) for business purposes. It must comply with Indonesian Civil Code (Kitab Undang-undang Hukum Perdata) requirements and incorporate relevant provisions from Law No. 28 of 2002 on Buildings and other applicable property regulations. The agreement typically covers lease duration, rental terms, maintenance responsibilities, permitted use, and other crucial aspects of the landlord-tenant relationship. It's particularly important in Indonesia's rapidly developing commercial property market, where clear documentation of rights and obligations is essential for business certainty.

What sections should be included in a Company Let Agreement?

1. Parties: Identification of the lessor and lessee companies, including their complete legal names, registration numbers, and authorized representatives

2. Background: Context of the agreement, brief description of the property, and the parties' intentions

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

4. Demise: Formal grant of the lease and description of the leased premises

5. Term and Renewal: Duration of the lease, commencement date, and renewal provisions

6. Rent and Payment Terms: Rent amount, payment schedule, method of payment, and late payment consequences

7. Security Deposit: Amount, terms, and conditions for the security deposit

8. Permitted Use: Specified allowed uses of the premises and any restrictions

9. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance and repairs

10. Utilities and Services: Provisions for utilities, services, and related charges

11. Insurance: Required insurance coverage for both parties

12. Alterations and Improvements: Terms for making changes to the premises

13. Assignment and Subletting: Conditions under which the lease may be assigned or the premises sublet

14. Termination: Grounds and procedures for early termination

15. Default and Remedies: Events of default and available remedies

16. Governing Law and Dispute Resolution: Applicable law and methods for resolving disputes

17. Notices: Process and addresses for formal communications between parties

18. Execution: Signature blocks and execution requirements

What sections are optional to include in a Company Let Agreement?

1. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in areas prone to natural disasters or political instability

2. Environmental Compliance: Special provisions for properties where environmental regulations are particularly relevant

3. Parking: Specific terms for parking facilities if applicable to the property

4. Signage Rights: Terms for external and internal signage if relevant to the tenant's business

5. Common Areas: Rules and cost sharing for common areas in multi-tenant buildings

6. Building Management: Specific provisions for managed buildings with shared facilities

7. Break Clause: Optional early termination rights for either party

8. Fit-out Works: Terms for initial tenant improvements and modifications

9. Green Building Requirements: Special provisions for environmentally certified buildings

What schedules should be included in a Company Let Agreement?

1. Schedule 1 - Property Description: Detailed description of the premises including floor plans and measurements

2. Schedule 2 - Rent Review Provisions: Detailed mechanism for rent reviews if applicable

3. Schedule 3 - Service Charges: Breakdown of service charges and calculation method

4. Schedule 4 - Building Rules and Regulations: Specific rules governing the use of the building

5. Schedule 5 - Condition Report: Initial condition of the premises with photographs

6. Schedule 6 - Permitted Alterations: Pre-approved alterations or modifications

7. Schedule 7 - Insurance Requirements: Detailed insurance requirements for both parties

8. Appendix A - Required Licenses and Permits: List of necessary governmental approvals and permits

9. Appendix B - Handover Protocol: Procedures for property handover at start and end of lease

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

Jurisdiction

Indonesia

Document Type

Agreement Contract

Cost

Free to use
Relevant legal definitions








































Clauses



































Relevant Industries

Real Estate

Commercial Property

Retail

Manufacturing

Technology

Professional Services

Financial Services

Healthcare

Hospitality

Education

Logistics

Telecommunications

Relevant Teams

Legal

Finance

Operations

Facilities Management

Real Estate

Corporate Services

Risk & Compliance

Administration

Property Services

Business Development

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Legal Counsel

Property Manager

Facilities Manager

Real Estate Director

Operations Manager

Company Secretary

Finance Director

Compliance Officer

Business Development Manager

Asset Manager

Property Services Manager

Corporate Services Director

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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