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The Home Sale Agreement is a fundamental legal document used in Indonesian property transactions to formalize the transfer of residential property ownership. It serves as the primary contract between sellers and buyers, incorporating essential elements required by Indonesian law, particularly the Civil Code and Basic Agrarian Law. This document is mandatory for all residential property sales in Indonesia and must be processed through a certified land deed official (PPAT). The agreement typically includes detailed property descriptions, price and payment terms, warranties, and completion requirements. It's particularly important as Indonesian property law has specific requirements for property transfers, including restrictions on foreign ownership and mandatory involvement of authorized officials. The document provides legal protection for both parties and ensures compliance with local property registration requirements.

1. Parties: Identification of seller and buyer with complete legal names, addresses, and ID numbers

2. Background: Context of the sale, including brief property description and parties' intention to enter into the agreement

3. Definitions: Key terms used throughout the agreement including Property, Purchase Price, Completion Date, etc.

4. Subject Matter of Sale: Detailed description of the property being sold, including its legal status and specifications

5. Purchase Price: The agreed price, payment terms, and method of payment

6. Payment Terms: Schedule of payments, including deposit, installments if any, and final payment details

7. Conditions Precedent: Conditions that must be fulfilled before the sale can proceed

8. Seller's Representations and Warranties: Seller's guarantees regarding property ownership, condition, and legal status

9. Buyer's Representations and Warranties: Buyer's guarantees regarding financial capacity and compliance with legal requirements

10. Completion: Process and requirements for completing the sale, including documentation and registration

11. Risk and Insurance: Allocation of risk and responsibility for insurance during the sale process

12. Default and Termination: Consequences of breach and circumstances allowing termination

13. Governing Law and Dispute Resolution: Applicable law and method for resolving disputes

14. Notices: How formal communications between parties should be made

15. Miscellaneous: Standard boilerplate provisions including severability, entire agreement, and amendments