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The Pre Sale Agreement Property is a crucial document in Indonesian real estate transactions where properties are sold before completion of construction. This agreement is governed by Indonesian civil law and specific regulations including Law No. 8 of 1999 on Consumer Protection and various housing regulations. The document is typically used when developers want to secure buyers and financing during the construction phase, while buyers seek to lock in prices and secure their future property rights. It must include specific provisions required by Indonesian law, such as detailed property specifications, payment schedules, completion timelines, and buyer protections. The agreement serves as a foundation for the eventual transfer of property rights and must be executed before a notary public to ensure legal validity.

1. Parties: Identification of the Developer/Seller and the Buyer, including complete legal names, addresses, and registration details

2. Background: Context of the agreement, including the developer's rights to develop and sell the property

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Details: Specific details of the property being sold, including location, specifications, and building type

5. Purchase Price: Total purchase price, payment schedule, and payment methods

6. Payment Terms: Detailed payment structure, installment plans, and consequences of payment defaults

7. Construction Timeline: Expected construction schedule, completion date, and handover timeline

8. Developer's Obligations: Developer's commitments regarding construction, quality, permits, and certifications

9. Buyer's Obligations: Buyer's responsibilities including payments, documentation, and cooperation requirements

10. Specifications and Standards: Detailed technical specifications of the property and quality standards

11. Handover Process: Procedures for property inspection, handover, and defect reporting

12. Warranties: Developer's warranties regarding property quality, construction, and legal status

13. Default and Remedies: Consequences of breach by either party and available remedies

14. Force Majeure: Provisions for unforeseen circumstances affecting contract performance

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

16. Dispute Resolution: Procedures for handling disputes between parties