tiktok���˰�

The Home Selling Contract is a fundamental legal document used in Indonesian property transactions to formalize the sale of residential property between parties. This document becomes necessary when a property owner wishes to transfer ownership rights to a buyer in Indonesia, whether for houses, apartments, or other residential properties. The contract must comply with Indonesian Civil Code, Basic Agrarian Law (UUPA), and related property regulations. It contains essential provisions regarding property details, purchase price, payment terms, warranties, and completion requirements. The document must be prepared and executed before a certified land deed official (PPAT) to ensure legal validity and proper registration with the National Land Office (BPN). It serves as the primary instrument for protecting both parties' interests and ensuring a legally compliant property transfer under Indonesian jurisdiction.

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

2. Background: Brief context of the transaction, including property overview and parties' intention to enter into sale agreement

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

4. Property Details: Comprehensive description of the property including certificate number, land area, building area, and exact location

5. Purchase Price: Agreed purchase price and payment terms including deposit and installment schedule if applicable

6. Payment Method: Specified method of payment and bank account details

7. Conditions Precedent: Conditions that must be fulfilled before completion of sale

8. Seller's Warranties: Seller's representations regarding property ownership, absence of disputes, and property condition

9. Buyer's Warranties: Buyer's representations regarding financial capacity and compliance with Indonesian property ownership laws

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

11. Costs and Taxes: Allocation of transaction costs, taxes, and fees between parties

12. Default and Termination: Consequences of breach and conditions for contract termination

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

14. Notices: Process for formal communications between parties

15. Execution: Signature blocks and execution requirements