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House Selling Agreement

House Selling Agreement Template for Indonesia

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Key Requirements PROMPT example:

House Selling Agreement

"I need a House Selling Agreement for a property in Jakarta, Indonesia, where the buyer is a foreign national purchasing through a local nominee, with completion scheduled for March 2025."

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Document background
The House Selling Agreement is a crucial legal instrument used in Indonesian property transactions to formalize the transfer of residential property ownership. This document is essential when any party wishes to sell or purchase a house in Indonesia, whether it involves individual owners, property developers, or corporate entities. The agreement must comply with Indonesian property laws, including Law No. 5 of 1960 (Basic Agrarian Law) and related regulations. It contains detailed provisions covering property description, ownership rights, payment terms, warranties, and transfer procedures. The House Selling Agreement serves as the foundation for the subsequent execution of the deed of transfer (Akta Jual Beli) by a licensed land deed official (PPAT), making it a critical document in the property transfer process. It's particularly important given Indonesia's specific requirements regarding property ownership, land rights, and the involvement of notary officials in property transactions.
Suggested Sections

1. Parties: Identification of the seller and buyer with complete legal names, addresses, and ID numbers (KTP/Passport)

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 certificate number, land area, building area, boundaries, and address

5. Purchase Price: Agreed purchase price, payment terms, method of payment, and payment schedule

6. Conditions Precedent: Conditions that must be satisfied before completion of the sale

7. Seller's Representations and Warranties: Seller's declarations regarding property ownership, condition, and legal status

8. Buyer's Representations and Warranties: Buyer's declarations regarding legal capacity and financial ability to purchase

9. Completion: Process of property handover, documentation requirements, and transfer procedures

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

11. Risk and Insurance: Transfer of risk and responsibility for insurance

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

13. Notices: Communication procedures between parties

14. Governing Law: Confirmation of Indonesian law as governing law

15. Dispute Resolution: Process for resolving disputes, including jurisdiction and venue

Optional Sections

1. Mortgage and Financing: Include when buyer is obtaining bank financing, detailing arrangements and conditions

2. Property Inspection: Include when specific inspection requirements or findings need to be documented

3. Existing Tenancies: Include when property has existing tenants and arrangements for their continued occupancy or removal

4. Fixtures and Fittings: Include when specific items are included/excluded from the sale

5. Construction Completion: Include for properties under construction or requiring completion works

6. Environmental Matters: Include when environmental issues or requirements need addressing

7. Power of Attorney: Include when either party is acting through an attorney

8. Foreign Ownership Provisions: Include when buyer is a foreign national, addressing specific legal requirements

Suggested Schedules

1. Property Details Schedule: Detailed technical description of property, including certificate details, land measurements, and building specifications

2. Payment Schedule: Detailed breakdown of payment installments and timing

3. Property Documentation: List of all property certificates, permits, and relevant documentation

4. Fixtures and Fittings Inventory: Detailed list of items included in or excluded from the sale

5. Form of Transfer Deed: Template of the deed of transfer (Akta Jual Beli) to be executed

6. Due Diligence Results: Summary of property checks and verification results

7. Certificates and Permits: Copies of relevant certificates, permits, and approvals

8. Property Plans: Site plans, building plans, and location maps

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions












































Clauses





































Relevant Industries

Real Estate

Property Development

Construction

Legal Services

Banking and Finance

Insurance

Property Management

Urban Planning

Architecture

Surveying

Relevant Teams

Legal

Real Estate

Sales

Compliance

Property Management

Business Development

Risk Management

Operations

Corporate Services

Documentation

Transaction Support

Relevant Roles

Real Estate Agent

Property Lawyer

Legal Counsel

Property Developer

Sales Manager

Property Manager

Compliance Officer

Contract Administrator

Real Estate Broker

Title Officer

Property Consultant

Legal Director

Sales Director

Business Development Manager

Risk Manager

Transaction Manager

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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