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Title Transfer Agreement

Title Transfer Agreement Template for Indonesia

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Key Requirements PROMPT example:

Title Transfer Agreement

"I need a Title Transfer Agreement for transferring ownership of a commercial building in Jakarta's business district, with completion scheduled for March 2025 and payment to be made in two installments."

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Document background
The Title Transfer Agreement is a crucial legal instrument in Indonesian property transactions, used whenever ownership of real property needs to be legally transferred between parties. This document is essential in Indonesia's civil law system, where formal documentation and notarial involvement are mandatory for property transfers. The agreement must comply with multiple regulations including the Indonesian Civil Code, Basic Agrarian Law, and various tax regulations. It typically includes comprehensive details about the property, parties involved, consideration, warranties, and completion requirements. The document is particularly important as it forms the basis for updating the land registry records and calculating transfer taxes. It's commonly used in various contexts, from simple residential transfers to complex commercial property transactions, and must be executed before an Indonesian notary public to be legally valid.
Suggested Sections

1. Parties: Identification of the transferor and transferee, including their full legal names, addresses, and registration details if companies

2. Background: Context of the transfer, including brief description of the property and reason for transfer

3. Definitions: Key terms used throughout the agreement, including Property, Transfer Date, Purchase Price, and Encumbrances

4. Property Details: Complete legal description of the property being transferred, including registration details and certificate numbers

5. Consideration: Details of the purchase price and payment terms

6. Transfer Obligations: The core obligations of the parties regarding the transfer of title

7. Representations and Warranties: Statements of fact and guarantees by both parties, particularly regarding ownership, encumbrances, and authority to transfer

8. Completion: Process and requirements for completing the transfer, including timing and documentation

9. Tax Obligations: Responsibilities for payment of transfer tax, stamp duty, and other applicable taxes

10. Governing Law and Jurisdiction: Specification of Indonesian law as governing law and jurisdiction for disputes

Optional Sections

1. Due Diligence: Used when the agreement includes a due diligence period prior to completion

2. Conditions Precedent: Include when there are specific conditions that must be met before transfer can occur

3. Environmental Matters: Required for industrial properties or when environmental issues are relevant

4. Existing Tenancies: Include when the property is subject to ongoing lease agreements

5. Post-Completion Obligations: Used when there are continuing obligations after transfer

6. Force Majeure: Optional clause for circumstances preventing completion of transfer

7. Anti-Money Laundering: Include for high-value transfers or when required by regulatory compliance

Suggested Schedules

1. Property Description Schedule: Detailed technical description of the property, including boundaries and coordinates

2. Title Documents: List of all relevant title documents and certificates

3. Encumbrances Schedule: Details of any existing encumbrances, mortgages, or liens

4. Payment Schedule: If payment is in installments, detailed payment timeline

5. Required Permits: List of permits and approvals required for transfer

6. Property Handover Checklist: List of items to be handed over with the property

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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Relevant Industries

Real Estate

Property Development

Construction

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Agriculture

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Retail

Hospitality

Infrastructure

Energy

Relevant Teams

Legal

Real Estate

Compliance

Corporate Secretariat

Property Management

Facilities Management

Asset Management

Investment

Operations

Finance

Relevant Roles

Legal Counsel

Property Manager

Real Estate Director

Compliance Officer

Corporate Secretary

Chief Legal Officer

Real Estate Transaction Manager

Asset Manager

Facilities Manager

Property Development Manager

Land Acquisition Manager

Real Estate Investment Manager

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