Document background
The Master Leasing Agreement serves as a foundational document for companies engaging in multiple leasing transactions within Indonesia's jurisdiction. It is particularly useful for businesses requiring regular leasing of equipment, vehicles, or other assets, as it eliminates the need to negotiate separate comprehensive agreements for each lease. The document complies with Indonesian financial services regulations, including OJK requirements and the Indonesian Civil Code, while incorporating international best practices in leasing arrangements. It typically includes provisions for individual lease schedules, maintenance requirements, insurance obligations, payment terms, and default remedies, providing a balanced framework that protects both lessor and lessee interests. This Master Leasing Agreement is especially valuable for companies with ongoing leasing needs, as it standardizes terms and streamlines documentation processes while ensuring regulatory compliance.
