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Contract To Sell Land Template for Indonesia

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Key Requirements PROMPT example:

Contract To Sell Land

"I need a Contract to Sell Land under Indonesian law for a 5-hectare industrial property in Jakarta, with payment to be made in three installments and completion scheduled for March 2025; the document should include specific provisions for environmental compliance and existing tenant rights."

Document background
The Contract to Sell Land is a crucial document in Indonesian real estate transactions, used when parties intend to enter into a binding agreement for the sale and purchase of land before executing the final transfer deed. This document is essential in Indonesian property transactions as it establishes the parties' rights and obligations, sets out payment terms, and specifies conditions that must be met before final transfer. It must comply with various Indonesian regulations, including the Basic Agrarian Law (UUPA), land registration requirements, and local property regulations. The contract typically precedes the execution of the Akta Jual Beli (deed of sale) before a Land Deed Official (PPAT) and serves as the foundation for the eventual transfer of land rights. It's particularly important in complex transactions where conditions need to be fulfilled before final transfer, or where payment is made in installments.
Suggested Sections

1. Parties: Identification of the seller and buyer with complete legal names, addresses, and identification numbers as required by Indonesian law

2. Background: Context of the transaction, including brief description of the land and the parties' intention to enter into a sale transaction

3. Definitions: Key terms used throughout the agreement, including technical and legal terms specific to Indonesian land law

4. Object of Sale: Detailed description of the land including certificate number, location, boundaries, and size as registered with the National Land Office

5. Purchase Price: Agreed purchase price, payment terms, method of payment, and payment schedule

6. Terms of Payment: Detailed payment structure, including deposits, installments, and final payment arrangements

7. Conditions Precedent: Conditions that must be fulfilled before the sale can be completed, including legal and administrative requirements

8. Seller's Representations and Warranties: Seller's declarations regarding ownership, absence of disputes, and authority to sell

9. Buyer's Representations and Warranties: Buyer's declarations regarding legal capacity and ability to purchase

10. Handover Process: Terms and process for the physical handover of the land

11. Title Transfer: Process and requirements for legal transfer of title at the Land Office

12. Taxes and Costs: Allocation of responsibility for transfer taxes, notary fees, and other transaction costs

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

14. Governing Law: Specification of Indonesian law as governing law and relevant jurisdictional matters

15. Dispute Resolution: Process for resolving disputes, including choice of forum and method

16. Notices: Method and addresses for formal communications between parties

17. Execution: Signature requirements and formalities for valid execution under Indonesian law

Optional Sections

1. Broker Provisions: Include when a property broker is involved in the transaction, detailing their role and commission

2. Existing Tenancies: Include when the land has existing tenants, detailing their rights and handling of their tenancy

3. Environmental Conditions: Include when there are environmental issues or requirements affecting the land

4. Development Restrictions: Include when there are specific zoning or development restrictions on the land

5. Third Party Rights: Include when there are existing rights of way, easements, or other third-party rights

6. Financing Provisions: Include when the purchase involves bank financing or installment payments

7. Construction Obligations: Include when there are existing or required construction works on the land

8. Foreign Ownership Provisions: Include when either party is a foreign national, detailing compliance with foreign ownership restrictions

Suggested Schedules

1. Land Title Details: Certified copy of land certificate and detailed technical description of the land

2. Payment Schedule: Detailed breakdown of payment installments and due dates

3. Land Maps and Plans: Official site plans, boundary maps, and survey results

4. Due Diligence Results: Summary of legal and technical due diligence findings

5. Required Permits: Copies of relevant permits and licenses affecting the land

6. Tax Certificates: Current land and building tax certificates and payment receipts

7. Property Photographs: Current photographs of the land and any structures

8. Form of Transfer Deed: Draft of the final transfer deed (Akta Jual Beli) to be executed before land deed official

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

Property Development

Agriculture

Construction

Infrastructure

Industrial Development

Commercial Property

Residential Development

Tourism and Hospitality

Mining and Resources

Renewable Energy

Retail

Manufacturing

Logistics and Warehousing

Relevant Teams

Legal

Real Estate

Property Development

Commercial

Operations

Finance

Compliance

Risk Management

Business Development

Asset Management

Project Management

Investment

Relevant Roles

Real Estate Manager

Property Development Director

Legal Counsel

Land Acquisition Manager

Property Investment Manager

Commercial Director

Chief Executive Officer

Operations Manager

Project Manager

Business Development Manager

Compliance Officer

Risk Manager

Finance Director

Property Portfolio Manager

Asset Manager

Facilities Manager

Construction 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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