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Legal Real Estate Contract Template for Indonesia

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Key Requirements PROMPT example:

Legal Real Estate Contract

"I need a Legal Real Estate Contract for the purchase of a commercial office building in Jakarta's CBD by a foreign-owned company, with completion scheduled for March 2025, including specific provisions for foreign ownership compliance and strata title arrangements."

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Document background
The Legal Real Estate Contract is a fundamental document for property transactions in Indonesia, essential for ensuring legal compliance and protecting parties' interests in real estate dealings. It is used when transferring or leasing property rights and must conform to Indonesia's unique legal framework, including the Civil Code (KUHPerdata) and Basic Agrarian Law. The document becomes necessary whenever there's a property transaction, whether residential or commercial, and must address specific Indonesian requirements such as land title classifications (Hak Milik, Hak Guna Bangunan, etc.), foreign ownership restrictions, and mandatory involvement of licensed land deed officials (PPAT). This contract type is particularly important given Indonesia's strict property regulations and the need for proper documentation for land registry offices (BPN).
Suggested Sections

1. Parties: Identification of seller/lessor and buyer/lessee with complete legal names, addresses, and identification numbers as required by Indonesian law

2. Background: Context of the transaction, including brief property history and purpose of the agreement

3. Definitions: Definitions of key terms, including specific Indonesian legal terminology related to land rights (e.g., Hak Milik, Hak Guna Bangunan)

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

5. Transaction Terms: Core terms including purchase price/rent, payment terms, and payment method

6. Rights and Obligations: Detailed responsibilities of each party under Indonesian law

7. Property Handover: Terms and process for transferring possession of the property

8. Land Title Transfer: Process and requirements for legal transfer of title through the National Land Office (BPN)

9. Warranties and Representations: Legal guarantees regarding property ownership, encumbrances, and compliance with Indonesian law

10. Tax Obligations: Allocation of tax responsibilities including land and building transfer tax (BPHTB) and income tax

11. Default and Remedies: Consequences of breach and available legal remedies

12. Governing Law: Confirmation of Indonesian law application and jurisdiction

13. Dispute Resolution: Process for resolving disputes, typically including Indonesian court jurisdiction or arbitration

14. Execution: Signing requirements including notarization if required

Optional Sections

1. Foreign Ownership Provisions: Required when buyer is non-Indonesian, detailing compliance with foreign ownership restrictions

2. Mortgage Terms: Include when property purchase involves bank financing

3. Building Condition: Detailed for existing structures, including inspection results and maintenance requirements

4. Strata Title Provisions: Required for apartment or condominium purchases

5. Development Obligations: Include for undeveloped land or properties requiring renovation

6. Property Management: Required for commercial properties or managed residential complexes

7. Environmental Compliance: Include when property involves environmental considerations or permits

8. Tenant Rights: Required when property is sold with existing tenants

9. Force Majeure: Optional clause addressing unforeseen circumstances affecting the transaction

Suggested Schedules

1. Property Certificate: Copy of land certificate and ownership documentation

2. Property Details Schedule: Detailed technical specifications, boundaries, and property features

3. Payment Schedule: Detailed payment terms and installment plan if applicable

4. Due Diligence Results: Reports on legal and technical property verification

5. Building Permits: Copies of relevant building permits and certificates

6. Land Use Approval: Documentation of zoning and permitted use

7. Tax Certificates: Property tax payment proof and tax registration documents

8. Site Plan: Official property maps and building plans

9. Photographs: Current photographs of the property and structures

10. Power of Attorney: If applicable, for representatives acting on behalf of parties

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

Banking and Finance

Legal Services

Insurance

Property Management

Hospitality

Retail

Commercial Office

Industrial

Residential Development

Agricultural Land

Tourism

Infrastructure

Relevant Teams

Legal

Real Estate Operations

Property Management

Compliance

Risk Management

Facilities Management

Business Development

Finance

Administrative Services

Corporate Services

Investment

Project Management

Asset Management

Document Control

Due Diligence

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Legal Counsel

Property Developer

Land Acquisition Manager

Compliance Officer

Real Estate Investment Manager

Property Valuation Specialist

Contract Administrator

Risk Manager

Real Estate Operations Director

Property Development Manager

Facilities Manager

Legal Document Specialist

Real Estate Transaction Coordinator

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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