Document background
The Sale and Purchase Deed (Akta Jual Beli) is a crucial legal instrument in Indonesian property law, required for all formal transfers of land and building ownership. It must be prepared and executed in accordance with strict legal requirements under Indonesian law, including the Basic Agrarian Law No. 5 of 1960 and Government Regulation No. 24 of 1997. This deed is used when there is a definitive agreement to transfer property ownership and all prerequisites (such as tax payments and document verifications) have been fulfilled. The document serves multiple purposes: it finalizes the property transfer, provides evidence of ownership change, and serves as the basis for title registration at the National Land Agency (BPN). It must contain specific details about the property, parties involved, and transaction terms, and must be executed before an authorized Land Deed Official (PPAT).
