Document background
The Residential Sale Agreement serves as the primary legal instrument for transferring residential property ownership in Indonesia. It is essential for any sale of houses, apartments, or other residential properties, providing a legally binding framework that ensures compliance with Indonesian property laws and regulations. The agreement is typically prepared by or in consultation with a certified notary public (PPAT - Pejabat Pembuat Akta Tanah) and must conform to specific requirements under the Indonesian Civil Code and Basic Agrarian Law. It includes crucial elements such as property details, payment terms, warranties, and completion requirements, while addressing specific Indonesian legal considerations such as land title types (Hak Milik, Hak Guna Bangunan) and foreign ownership restrictions. This document is fundamental for protecting both buyer's and seller's interests and ensuring proper registration with the National Land Office.
