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Standard Rental Contract
"I need a Standard Rental Contract for a residential property in Jakarta, Indonesia, starting from January 2025, with provisions for a foreign tenant and the option to extend for an additional year."
1. Parties: Identification of landlord and tenant with complete legal names, addresses, and ID numbers (KTP for Indonesian citizens or passport for foreigners)
2. Background: Brief context of the rental agreement and property ownership status
3. Definitions: Key terms used throughout the agreement including Property, Term, Rent, Security Deposit, and other relevant terminology
4. Property Details: Specific description of the rental property including address, size, and included fixtures/fittings
5. Term and Renewal: Duration of rental period, commencement date, and conditions for renewal
6. Rent and Payment Terms: Rental amount, payment schedule, method of payment, and late payment consequences
7. Security Deposit: Amount, payment terms, conditions for return, and permissible deductions
8. Utilities and Service Charges: Responsibility for utility payments and other service charges
9. Maintenance and Repairs: Obligations of both parties regarding property maintenance and repair procedures
10. Use of Property: Permitted use of property and restrictions on alterations or modifications
11. Rights and Obligations: General rights and obligations of both landlord and tenant
12. Termination: Grounds for termination, notice requirements, and consequences of early termination
13. Governing Law: Confirmation of Indonesian law application and jurisdiction
14. Dispute Resolution: Process for resolving disputes between parties
1. Insurance: Requirements for property insurance and content insurance, used when specific insurance coverage is required
2. Subletting: Terms for subletting or assignment, included when subletting might be permitted
3. Foreign Tenant Provisions: Special provisions for foreign tenants including visa requirements, used when tenant is not Indonesian
4. Pets: Rules regarding keeping pets in the property, included when pets might be permitted
5. Shared Facilities: Rules for use of shared facilities, included for properties in apartments or compounds
6. Fit-Out Period: Terms for initial renovation or fit-out period, used for commercial properties or when significant modifications are allowed
7. Force Majeure: Provisions for unforeseen circumstances affecting the rental agreement
8. Tax Provisions: Detailed tax arrangements and responsibilities, included when specific tax arrangements are needed
1. Inventory List: Detailed list of furniture, appliances, and fittings included in the rental
2. Property Condition Report: Detailed description of property condition at commencement of rental
3. House Rules: Specific rules and regulations for the property or building
4. Payment Schedule: Detailed breakdown of rent, deposit, and other payment obligations
5. Maintenance Schedule: Regular maintenance tasks and responsibilities of each party
6. Utility Details: List of utility accounts, contact numbers, and payment arrangements
7. Approved Alterations: Details of any pre-approved alterations or modifications to the property
Authors
Real Estate
Residential Property
Commercial Property
Retail
Hospitality
Office Space
Industrial
Agriculture
Education
Healthcare
Legal
Real Estate
Property Management
Operations
Facilities Management
Compliance
Contract Administration
Asset Management
Tenant Relations
Risk Management
Property Manager
Real Estate Agent
Legal Counsel
Facilities Manager
Operations Manager
Compliance Officer
Contract Administrator
Real Estate Director
Leasing Manager
Property Owner
Building Superintendent
Asset Manager
Regional Property Manager
Tenant Relations Manager
Real Estate Investment Manager
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