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Offer To Purchase Contract
"I need an Offer to Purchase Contract under Indonesian law for acquiring a commercial warehouse property in Jakarta Industrial Park, with specific provisions for environmental due diligence and a closing date of March 15, 2025."
1. Parties: Identification and details of the buyer (offeror) and seller (offeree), including their legal capacity to contract
2. Background: Context of the transaction and brief description of the property or asset being offered to purchase
3. Definitions: Key terms used throughout the document defined for clarity and legal certainty
4. Property Description: Detailed description of the property/asset including legal description, boundaries, and relevant certificates
5. Purchase Price: The offered purchase price, payment terms, and method of payment
6. Earnest Money: Details of the earnest money deposit, including amount, payment timing, and holding arrangements
7. Closing Date: Proposed date for completing the transaction and conditions for extending the closing date
8. Seller's Obligations: List of obligations the seller must fulfill before and at closing
9. Buyer's Obligations: List of obligations the buyer must fulfill before and at closing
10. Representations and Warranties: Standard declarations about the property's condition and parties' authority to enter into the transaction
11. Default and Remedies: Consequences of default by either party and available remedies
12. Governing Law: Specification of Indonesian law as governing law and jurisdiction
13. Execution: Signature blocks and execution requirements under Indonesian law
1. Financing Contingency: Terms regarding the buyer's ability to secure financing, used when purchase depends on obtaining a loan
2. Due Diligence Period: Timeframe and terms for buyer's investigation of the property, used for complex commercial properties
3. Property Management: Interim management arrangements between offer acceptance and closing, used for income-producing properties
4. Tenant Rights: Provisions regarding existing tenants, used when property is currently leased
5. Environmental Matters: Environmental investigation and liability provisions, used for industrial or potentially contaminated properties
6. Foreign Investment Provisions: Special provisions required for foreign buyers under Indonesian investment law
7. Broker Relationships: Details of any broker involvement and commission arrangements, used when brokers are involved
1. Property Details Schedule: Comprehensive technical description of the property including certificates, permits, and exact measurements
2. Payment Schedule: Detailed breakdown of payment structure including installments if applicable
3. Due Diligence Checklist: List of documents and investigations required during due diligence
4. Existing Encumbrances: List of current liens, encumbrances, or restrictions on the property
5. Property Inventory: List of included fixtures, fittings, and other items included in the purchase
6. Required Governmental Approvals: List of necessary government permits and approvals for the transaction
Authors
Real Estate
Commercial Property
Industrial
Retail
Hospitality
Manufacturing
Agriculture
Warehouse and Logistics
Office Space
Residential Development
Mixed-Use Development
Legal
Real Estate
Finance
Business Development
Compliance
Risk Management
Property Management
Corporate Development
Facilities Management
Investment
Operations
Property Manager
Real Estate Director
Business Development Manager
Legal Counsel
Chief Financial Officer
Investment Manager
Asset Manager
Acquisition Manager
Development Director
Corporate Real Estate Manager
Facilities Manager
Risk Manager
Compliance Officer
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