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The Residential Purchase Agreement serves as the primary legal instrument for residential property transactions in Indonesia. It is essential when transferring ownership of houses, apartments, or other residential properties, ensuring compliance with Indonesian property laws and regulations. The document must be executed before a land deed official (PPAT) and requires registration with the National Land Office. It includes comprehensive details about the property, parties involved, payment terms, and conditions for ownership transfer, while addressing specific Indonesian requirements such as land use rights, foreign ownership restrictions, and tax obligations. This agreement is crucial for protecting both buyer and seller interests and ensuring a legally valid property transfer under Indonesian jurisdiction.

1. Parties: Identification of the Seller and Buyer with complete legal names, addresses, and identification numbers as required by Indonesian law

2. Background: Context of the transaction, including brief property description and parties' intention to enter into a sale and purchase agreement

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

4. Property Details: Comprehensive description of the property including certificate number, land area, building area, boundaries, and registered address

5. Purchase Price: Agreed purchase price, payment schedule, and payment method

6. Payment Terms: Detailed payment structure including deposits, installments, and final payment requirements

7. Conditions Precedent: Conditions that must be fulfilled before the sale can proceed, including legal and regulatory requirements

8. Seller's Representations and Warranties: Seller's declarations regarding property ownership, absence of disputes, and property condition

9. Buyer's Representations and Warranties: Buyer's declarations regarding legal capacity and financial ability to purchase

10. Transfer of Title: Process and requirements for legal transfer of property ownership

11. Taxes and Costs: Allocation of transaction taxes, registration fees, and other costs

12. Property Handover: Terms and conditions for physical handover of the property

13. Default and Termination: Consequences of breach and conditions for agreement termination

14. Governing Law: Specification of Indonesian law as governing law

15. Dispute Resolution: Process for resolving disputes, including jurisdiction and venue

16. Notices: How formal communications between parties should be made

17. Execution: Signature blocks and execution requirements