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Deed Of Sale For House

Deed Of Sale For House Template for Indonesia

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Key Requirements PROMPT example:

Deed Of Sale For House

"I need a Deed of Sale for House in Indonesian jurisdiction for a property in Jakarta, with the sale scheduled to complete by March 2025, including provisions for mortgage financing and a six-month tenant notice period."

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Document background
The Deed of Sale For House is a crucial legal instrument in Indonesian property transactions, required for all residential property transfers under Indonesian law. This document is essential when transferring ownership of a house or residential property, whether it involves private individuals, corporations, or other legal entities. It must be prepared by a licensed Indonesian notary and comply with the Indonesian Civil Code, Basic Agrarian Law, and relevant property regulations. The deed includes comprehensive details about the property, parties involved, purchase price, payment terms, and various legal declarations. It serves as the foundation for property registration with the National Land Office (BPN) and is necessary for updating land certificates. The document also addresses tax obligations, including Land and Building Rights Transfer Duty (BPHTB) and Income Tax on property transfers.
Suggested Sections

1. Parties: Identification of the seller and buyer with complete legal names, ID numbers (KTP/passport), addresses, and their legal capacity to enter into the agreement

2. Background: Brief history of the property ownership, purpose of the sale, and any relevant circumstances leading to the transaction

3. Definitions: Key terms used throughout the deed, including property-specific terminology and legal terms

4. Property Details: Complete description of the property including certificate number, land area, building area, boundaries, and address

5. Ownership Status: Declaration of the seller's legitimate ownership and authority to sell, including details of the property certificate

6. Sale Price and Payment Terms: Agreed purchase price, payment method, and schedule of payments

7. Transfer of Rights: Terms and conditions for the transfer of property rights from seller to buyer

8. Representations and Warranties: Seller's declarations regarding property condition, legal status, and absence of disputes

9. Tax Obligations: Distribution of tax responsibilities between parties (BPHTB, PPh, and other applicable taxes)

10. Handover Terms: Conditions and timeline for physical handover of the property

11. Legal Compliance: Statements ensuring compliance with Indonesian property laws and regulations

12. Notarial Declarations: Standard notarial statements required under Indonesian law

13. Closing Provisions: Signature requirements, number of copies, and notarial execution details

Optional Sections

1. Broker/Agent Details: Required when a property agent or broker is involved in the transaction

2. Mortgage Details: Required when the property is being purchased with mortgage financing

3. Power of Attorney: Required when either party is represented by an authorized representative

4. Spouse Consent: Required when the seller is married, as per Indonesian marital property laws

5. Building Permits: Required when the property includes recent construction or modifications

6. Existing Tenancy: Required when the property is currently leased to tenants

7. Foreign Ownership Compliance: Required when the buyer is a foreign national, detailing compliance with foreign ownership restrictions

Suggested Schedules

1. Property Certificate: Copy of the land certificate and building ownership proof

2. Property Tax Documents: Recent property tax payment receipts and certificates

3. Identity Documents: Copies of KTP/passport and family cards of all parties

4. Building Plans: Official building plans and permits

5. Payment Evidence: Proof of payment transactions and tax payments

6. Property Photos: Recent photographs of the property and its boundaries

7. Previous Title Deeds: Historical ownership documents if relevant

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

alex.den.21@genieai.co
Relevant legal definitions








































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Relevant Industries

Real Estate

Legal Services

Banking & Finance

Property Development

Construction

Insurance

Property Management

Mortgage Services

Wealth Management

Public Administration

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Finance

Risk Management

Documentation

Client Services

Business Development

Operations

Relevant Roles

Real Estate Agent

Property Lawyer

Notary Public

Property Manager

Legal Counsel

Bank Manager

Mortgage Officer

Property Developer

Real Estate Broker

Land Registration Officer

Title Insurance Officer

Property Tax Consultant

Real Estate Investment Manager

Property Valuation Specialist

Compliance Officer

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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