4 Terms You Should Notice Before Sales or Purchase Apartments in Indonesia

rental apartments agreement

Buying and selling an apartment requires some requirements that you must meet. Both the seller and the buyer shall own knowledge of the terms of sale and purchase of a residence. Especially for the buyers, do not let you lay about this.
Terms of sale and purchase of apartments are used to protect the rights and obligations of sellers and buyers when making transactions. By knowing all the requirements, it is expected to buy and sell apartments and other affairs after the buyer occupy the condo can be more smoothly and efficiently.

Here are some of the preparations you should pay attention to:

1. Sale and Purchase Agreement
First and first terms are in agreement between both parties. There should be physical evidence, black on white as a treaty. This apartment purchase agreement is called PPJB (Sale and Purchase Agreement).
The PPJB document contains an agreement between the seller and the buyer accompanied by a signature. Conducted in front of the officials of the land deed, reinforced with stamp duty, and authorized by a notary. The PPJB is temporary before the Deed of Sale and Sale (AJB) is officially submitted when the buyer completes the entire payment of the apartment.


2. Document Completeness
Furthermore, the completeness of the document should also be considered. As a buyer, you should check and have the necessary documents as proof that the apartment to be purchased is legal and has no problem. The seller must also have reports from the buyer for administrative completeness.
The required documents are the principle permit, location permit, building permit (IMB) and the permit of the apartment unit. Also, if the transaction is completed, the buyer must have PPJB, SP, Receipt of installment payment from booking fee, print out of PBB from the tax office, and other necessary documents. While the seller must also have a buyer's paper such as ID card, KK, marriage certificate, birth certificate, PBB, electricity and water receipt, NPWP, and photo.

3. Certificate of Property
As a buyer, you need to make sure that the developer has a Certificate of Property (SHM) and Right to Build (HGB). This certificate is a legal proof that the apartment units have been divided separately according to their respective sections. Documents include copies of land titles, land certificates, plan drawings of each apartment unit.

4. Deed of Sale and Purchase
Once the sale and purchase of the apartment are filled, and the PPJB is agreed upon by both parties, you must maintain the Deed of Sale (AJB). AJB is an authentic proof made by a notary as proof of transfer of the right of the land and the apartment building. A reversal of the name also accompanies AJB, i.e., the name change in the title certificate becomes the name of the buyer so that the seller no longer owns the rights to the land and the apartment building he has sold. If you already understand the terms of buying and selling an apartment, then you can start making transactions. During the process of buying and selling, you should make a small note about what you have and will do.

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Posted March 23, 2018 00:07

Tag agreement · Tag apartment · Tag certificate

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