Document background
The Real Estate Bill of Sale is a critical document in Indonesian property transactions, used when transferring ownership of real property from one party to another. It must comply with Indonesia's civil law system, particularly the Basic Agrarian Law and related property regulations. This document is essential for both residential and commercial property transactions, providing detailed information about the property, parties involved, purchase price, and terms of sale. It serves as the foundation for property registration with the Land Office (Badan Pertanahan Nasional) and must be properly executed, typically requiring notarization and witnesses as per Indonesian law. The document is crucial for establishing clear title and ownership rights, protecting both buyer and seller interests, and ensuring compliance with local property transfer requirements.
