Document background
The Sale Deed is a crucial legal document in Indonesian property transactions, required under the Indonesian Civil Code and Basic Agrarian Law for the valid transfer of property ownership. It must be prepared and executed before a licensed notary public (PPAT) who has jurisdiction in the area where the property is located. This document is used whenever there is a transfer of property ownership, whether for residential, commercial, or industrial purposes. The Sale Deed includes comprehensive details about the property, parties involved, purchase price, payment terms, and various legal declarations required by Indonesian law. It serves multiple purposes: documenting the transfer of ownership, providing evidence for property registration, and establishing the rights and obligations of both parties. The document is essential for completing the property registration process at the Land Office and is often required by banks, tax authorities, and other institutional stakeholders.
