Document background
The Deed of Sale Property is a fundamental legal document in Indonesian property transactions, essential for formally transferring real estate ownership. It is required whenever there is a sale and purchase of land, buildings, or other immovable property in Indonesia. The document must comply with strict notarial requirements under Indonesian law, including the Basic Agrarian Law and related regulations. This deed includes comprehensive details about the property, parties involved, purchase price, payment terms, and warranties. It serves multiple purposes: legally transferring ownership, protecting both parties' interests, enabling property registration updates, and facilitating tax compliance. The deed must be drafted and executed by a licensed Indonesian notary public, making it a legally binding instrument that can be relied upon for proving ownership and defending property rights.
