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Home Purchase Agreement Form
"I need a Home Purchase Agreement Form for a residential property purchase in Jakarta, with completion scheduled for March 2025, including provisions for a 20% deposit and the remainder to be paid in three installments."
1. Parties: Identification and details of the Seller and Buyer, including their legal capacity to enter into the agreement
2. Background: Context of the transaction and brief description of the property being sold
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the property, including certificate number, land title type, building specifications, and exact location
5. Purchase Price: Agreed purchase price and payment structure, including deposit and completion payment details
6. Payment Terms: Schedule of payments, payment methods, and consequences of late payment
7. Title and Ownership: Confirmation of seller's right to sell and details of title transfer process
8. Representations and Warranties: Seller's warranties regarding property condition, legal status, and encumbrances
9. Completion Requirements: Conditions to be met before completion, including document requirements and statutory approvals
10. Transfer Process: Steps for legal transfer of property ownership and registration requirements
11. Taxes and Costs: Allocation of transaction costs, including transfer tax (BPHTB) and other applicable fees
12. Default and Remedies: Consequences of breach and available remedies for both parties
13. Governing Law: Confirmation of Indonesian law as governing law and jurisdiction
14. Notices: Process for formal communications between parties
15. Execution: Signature requirements and execution formalities
1. Mortgage Financing: Terms related to buyer's mortgage financing, used when purchase involves bank financing
2. Foreign Ownership Compliance: Additional provisions for foreign buyers, including compliance with Indonesian foreign ownership restrictions
3. Property Management: Terms regarding ongoing management fees and obligations, relevant for properties in managed communities
4. Fixtures and Fittings: Detailed list of items included/excluded in sale, used when specific items need to be clarified
5. Construction Completion: Additional terms for properties under construction or requiring completion works
6. Strata Title: Specific provisions for apartments or properties under strata title
7. Agent Commission: Terms regarding real estate agent fees and responsibilities, when agents are involved
8. Due Diligence Period: Terms allowing buyer inspection and verification period, used in complex transactions
1. Property Description Schedule: Detailed technical description of the property, including exact measurements and boundaries
2. Payment Schedule: Detailed breakdown of payment installments and due dates
3. Title Documents: Copies of relevant land certificates and ownership documents
4. Property Tax Records: History of property tax payments and current status
5. Inventory List: Detailed list of fixtures, fittings, and furnishings included in the sale
6. Property Plans: Official site plans, building plans, and permits
7. Condition Report: Current condition assessment of the property
8. Required Permits: Copies of all relevant permits and certificates required for property use
Authors
Real Estate
Property Development
Residential Construction
Banking & Finance
Legal Services
Property Management
Construction
Insurance
Property Investment
Urban Development
Legal
Real Estate
Property Development
Sales
Compliance
Risk Management
Document Management
Property Management
Customer Relations
Business Development
Real Estate Agent
Property Lawyer
Notary Public
Property Developer
Legal Counsel
Bank Officer
Property Manager
Sales Manager
Compliance Officer
Property Consultant
Real Estate Investment Manager
Title Insurance Officer
Real Estate Broker
Housing Development Officer
Property Valuer
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