The Tenants In Common Agreement is a crucial legal document used in Indonesia when multiple parties wish to establish co-ownership of real property. This agreement is particularly relevant in situations where parties want to maintain distinct, transferable ownership shares while sharing property rights and responsibilities. The document must comply with Indonesian property law, including the Basic Agrarian Law (Undang-Undang Pokok Agraria) and specific regulations regarding foreign ownership. It addresses essential aspects such as ownership percentages, property management, financial obligations, and transfer rights, while incorporating necessary safeguards for all parties involved. The agreement is commonly used in both residential and commercial property contexts, and can accommodate both domestic and foreign investors within the constraints of Indonesian law.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train 蜜桃传媒's AI
You keep IP ownership聽of your docs
Alternatively...
1. Parties: Identification of all co-owners (tenants in common) with their full legal names, addresses, and citizenship status
2. Background: Context of the agreement, including property acquisition details and purpose of the co-ownership arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Full legal description of the property, including certificate numbers and registration details as per Indonesian land registry requirements
5. Ownership Shares: Specification of each party's ownership percentage and the basis for determining these shares
6. Rights and Obligations: Detailed outline of each co-owner's rights and responsibilities regarding the property
7. Property Management: Procedures for day-to-day management, maintenance, and decision-making regarding the property
8. Financial Obligations: Distribution of costs, expenses, and tax obligations among co-owners
9. Usage Rights: Terms governing how co-owners may use or occupy the property
10. Transfer of Interest: Procedures and restrictions for selling, transferring, or encumbering ownership shares
11. Dispute Resolution: Process for resolving disagreements between co-owners
12. Governing Law: Specification of Indonesian law as governing law and relevant jurisdictional matters
13. Execution: Signature blocks and execution requirements compliant with Indonesian law
1. Right of First Refusal: Optional section providing co-owners first right to purchase if another owner wishes to sell their share
2. Property Development: Include when co-owners plan to develop or make significant improvements to the property
3. Rental Management: Include when the property will be rented to third parties
4. Foreign Ownership Provisions: Required when one or more co-owners are foreign nationals, addressing specific Indonesian foreign ownership restrictions
5. Death or Incapacity: Procedures for handling ownership shares in case of death or incapacity of a co-owner
6. Property Insurance: Specific arrangements for property insurance if agreed among co-owners
7. Bank Account Management: Include when co-owners establish joint bank accounts for property expenses
1. Schedule A - Property Description: Detailed legal description of the property including certificates, boundaries, and maps
2. Schedule B - Ownership Proportions: Detailed breakdown of ownership percentages and initial capital contributions
3. Schedule C - Maintenance Schedule: Regular maintenance requirements and responsibilities
4. Schedule D - Cost Allocation: Detailed breakdown of how various costs and expenses are to be shared
5. Appendix 1 - Property Photographs: Current photographs documenting the property's condition
6. Appendix 2 - Property Certificates: Copies of relevant property certificates and registration documents
7. Appendix 3 - Management Rules: Detailed rules for property management and decision-making procedures
Authors
Find the document you need
Tenants In Common Agreement
An Indonesian law-governed agreement establishing co-ownership arrangements for real property, defining ownership shares and responsibilities between multiple parties.
Download
Residential House Lease Agreement
An Indonesian law-compliant agreement governing the lease of residential property, establishing rights and obligations between landlord and tenant.
Download
Residential Property Lease Agreement
An Indonesian law-governed agreement establishing terms and conditions for residential property rental, including rights and obligations of landlord and tenant.
Download
Simple House Rental Agreement
An Indonesian law-governed rental agreement establishing terms and conditions for residential property leasing between landlord and tenant.
Download
Simple Commercial Lease Agreement
An Indonesian law-governed agreement establishing terms and conditions for commercial property lease arrangements between landlord and tenant.
Download
Simple Tenancy Agreement
An Indonesian law-governed rental agreement document establishing key terms and conditions between landlord and tenant for residential property leasing.
Download
Simple Rental Agreement
Basic rental agreement template compliant with Indonesian law, suitable for residential and small commercial property rentals.
Download
House Rental Lease Agreement
An Indonesian law-compliant agreement establishing terms and conditions for residential property rental, defining rights and obligations of landlords and tenants.
Download
Basic Rental Agreement
An Indonesian law-compliant agreement establishing terms and conditions for property rental between landlord and tenant.
Download
骋别苍颈别鈥檚 Security Promise
蜜桃传媒 is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your data is private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on 蜜桃传媒 is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
