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Land Contract For Sale By Owner
"I need a Land Contract For Sale By Owner for a 2-hectare agricultural plot in Bali, Indonesia, where I'm selling to a local farming cooperative with payment to be made in three installments by March 2025."
1. Parties: Identification of the seller and buyer, including complete legal names, addresses, and ID numbers (KTP for Indonesian citizens)
2. Background: Context of the sale, brief description of the property, and statement of intent to sell/purchase
3. Definitions: Key terms used throughout the agreement, including property-specific terminology and legal terms
4. Property Details: Comprehensive description of the land, including certificate number, location, boundaries, and total area
5. Purchase Price: Agreed purchase price, payment terms, and schedule of payments
6. Transfer of Title: Process and obligations for legal transfer of land ownership rights
7. Seller's Representations and Warranties: Declarations regarding property ownership, absence of disputes, and legal status
8. Buyer's Representations and Warranties: Declarations regarding legal capacity and financial ability to purchase
9. Closing Conditions: Requirements to be met before final transfer of ownership
10. Costs and Taxes: Allocation of transaction costs, transfer taxes, and other fees
11. Default and Remedies: Consequences of breach and available remedies for either party
12. Governing Law and Jurisdiction: Confirmation of Indonesian law application and jurisdiction
13. Notices: Process for formal communications between parties
14. Execution: Signature blocks and witnessing requirements
1. Financing Arrangements: Include when buyer is using external financing or installment payments
2. Development Restrictions: Include when the land is subject to specific zoning or development limitations
3. Environmental Conditions: Include when there are environmental concerns or requirements
4. Third Party Rights: Include when there are existing tenants or other rights holders
5. Foreign Ownership Provisions: Include when buyer is a foreign national or entity
6. Due Diligence Period: Include when buyer requires time for property investigation
7. Force Majeure: Include when parties want specific provisions for unforeseen circumstances
8. Broker Involvement: Include when real estate agents or brokers are involved
1. Property Title Certificate: Copy of the land certificate and ownership documentation
2. Property Tax Documents: Recent property tax payments and assessments
3. Site Plan: Official site plan showing property boundaries and measurements
4. Land Use Certificate: Current zoning and permitted use documentation
5. Payment Schedule: Detailed schedule of payment installments if applicable
6. Property Photographs: Current photographs of the land and any structures
7. Due Diligence Reports: Any technical or legal reports on the property
8. Power of Attorney: If any party is represented by an authorized agent
Authors
Real Estate
Property Development
Agriculture
Commercial Property
Residential Property
Industrial Development
Tourism and Hospitality
Infrastructure Development
Mining and Resources
Retail
Legal
Real Estate
Property Management
Compliance
Risk Management
Finance
Operations
Business Development
Project Development
Investment
Administrative Support
Corporate Secretariat
Property Owner
Real Estate Investor
Legal Counsel
Property Manager
Land Development Manager
Compliance Officer
Risk Manager
Finance Director
Corporate Secretary
Operations Manager
Business Development Manager
Project Manager
Investment Analyst
Property Development Director
Land Acquisition Specialist
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