Document background
The Letter Of Intent To Sell House is a crucial preliminary document in Indonesian property transactions, particularly important in a legal system where formal documentation of intent holds significant weight. This document is typically used when a potential buyer has serious interest in purchasing a property but before proceeding with the final sale agreement. It outlines key aspects such as the property details, proposed purchase price, and timeline for completion. While primarily non-binding, it serves as a foundation for further negotiations and due diligence processes. The document must comply with Indonesian Civil Code requirements and local property regulations, making it an essential step in the property acquisition process. It's particularly valuable in complex transactions or when dealing with high-value properties where detailed preliminary agreements are necessary.
