The purchase transaction of your villa property will be administrated by 2 contractual agreements
between the buyer and the developer.
1. A Sale & Purchase Agreement
2. A Construction agreement
All transactions must be administrated in the office of a legally qualified
and licensed Indonesian Notaris.
Below is a typical formula for the terms of payment for a "PRE-SALES" villa purchase.
Most terms can be adjusted to accommodate the individual buyer's needs.
A holding deposit of USD $10,000 upon initial signing of a "SALE AND PURCHASE
AGREEMENT" is required.
1st installment payment of 30% of the purchase price (minus USD $10,000) is due within 30 days of the date of the agreement.
2nd installment payment of 20% of the purchase price is due 90 days after date agreement is signed (construction progress will be certified 30% completed).
3rd installment payment of 20% of the purchase price is due 180 days after date agreement is signed (construction progress will be certified 60% completed).
4th installment payment of 15% of the purchase price is due 270 days after date agreement is signed (construction progress will be certified 90% completed).
5th installment payment of 10% of the purchase price is due 330 days after date agreement is signed and the keys are turned over to buyer (construction progress will be certified 100% completed).
The 6th and final installment of 5% of the purchase price is due 90 days after keys have been turned over to buyer. |