The Home Sales Agreement serves as the primary legal instrument for residential property transactions in Indonesia. This document is essential when transferring ownership of houses, residential units, or similar properties from one party to another within Indonesian jurisdiction. It must comply with various local regulations, including the Indonesian Civil Code, Basic Agrarian Law, and specific housing regulations. The agreement typically includes comprehensive details about the property, parties involved, payment terms, warranties, and transfer procedures. It's particularly important as property transactions in Indonesia require specific formalities and documentation, including notarization. The document must address unique aspects of Indonesian property law, such as different land title types (HGB, SHM) and specific requirements for foreign buyers if applicable. This agreement forms the basis for the subsequent notarial deed (AJB - Akta Jual Beli) required for official property transfer.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
Alternatively...
1. Parties: Identification and details of the Seller and Buyer, including their legal names, addresses, and ID numbers
2. Background: Context of the sale, brief description of the property, and intention of the parties to enter into the transaction
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including address, certificate number, land area, building area, and boundaries
5. Purchase Price: Agreed purchase price and payment structure, including deposit and installment terms if applicable
6. Payment Terms: Detailed payment schedule, method of payment, and consequences of late payment
7. Transfer of Ownership: Process and timing of ownership transfer, including requirements for deed execution and registration
8. Seller's Representations and Warranties: Seller's guarantees regarding property ownership, condition, and absence of encumbrances
9. Buyer's Representations and Warranties: Buyer's declarations regarding legal capacity and financial ability to complete the purchase
10. Conditions Precedent: Conditions that must be met before the sale can proceed
11. Handover: Terms and process for physical handover of the property
12. Taxes and Costs: Allocation of transaction costs, taxes, and fees between parties
13. Default and Termination: Consequences of breach and conditions for agreement termination
14. Dispute Resolution: Process for resolving disputes, including choice of forum and mediation requirements
15. Governing Law: Specification of Indonesian law as governing law
16. Notices: Process and requirements for formal communications between parties
17. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments
1. Mortgage or Financing: Required when buyer is using bank financing, detailing terms of mortgage and coordination with lender
2. Property Management: Needed for properties in managed communities, detailing ongoing fees and obligations
3. Defect Liability: Used for new properties, specifying warranty period and process for addressing defects
4. Broker Provisions: Required when real estate agents are involved, detailing commission arrangements
5. Foreign Ownership Provisions: Required when buyer is a foreign national, addressing specific legal requirements
6. Tenant Provisions: Needed when property is currently tenanted, addressing existing lease agreements
7. Renovation Permission: Required when buyer plans immediate renovations, detailing permitted scope and requirements
1. Property Description Schedule: Detailed technical description of property, including floor plans and specifications
2. Payment Schedule: Detailed breakdown of payment installments and due dates
3. Property Title Documents: Copies of land certificates and ownership documentation
4. Property Tax Records: History of property tax payments and current status
5. Inventory List: List of fixtures, fittings, and furniture included in the sale
6. Property Photographs: Current photographs documenting property condition
7. Building Permits: Copies of relevant building permits and certificates
8. Due Diligence Results: Results of property and legal due diligence investigations
Authors
Find the document you need
Home Sales Agreement
An Indonesian law-governed agreement for the sale and purchase of residential property, detailing terms of ownership transfer and payment conditions.
Download
Private Car Sale Contract
An Indonesian law-governed agreement for the private sale of a motor vehicle, detailing sale terms and ownership transfer requirements.
Download
Bill Of Sale Purchase Agreement
An Indonesian law-governed agreement documenting the transfer of property ownership from seller to buyer, detailing sale terms and conditions in compliance with local regulations.
Download
Business Buy And Sell Agreement
An Indonesian law-governed agreement detailing the terms and conditions for the sale and purchase of a business, including assets, liabilities, and transfer conditions.
Download
Vehicle Sale Agreement
An Indonesian law-governed agreement for the sale and purchase of vehicles, detailing ownership transfer and transaction terms.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your data is private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
