Home Sale Agreement Letter: Meaning, Functions and Examples

For those of you who want to buy a house, there is one important thing that you really need to know, namely the home sale and purchase agreement. This letter of agreement is a valid and legal proof in the eyes of the law for the purchase of property.

This is of course very vital because it involves a large amount of money to buy a house or a house. So you need to know the existence of this letter as valid evidence in the eyes of the law.

In the following article, we will discuss the sale and purchase agreement for a house, starting from its meaning and examples. It is hoped that you will know and understand more in the future. Check out the following article.

Also read: How to buy a house with money that should be considered

What is a Home Sale Agreement Letter?

A home sale and purchase agreement is an official document made between the seller and the buyer to establish an agreement to buy and sell a home. There are many things contained in this agreement related to the sale and purchase of property.

Of course, you can use this letter of agreement as proof of transaction and other legal requirements. In addition, this sale and purchase agreement must refer to applicable laws and regulations.

For example, there are many countries that regulate the rights and obligations of sellers and buyers, as well as legal sanctions in case of violations. Therefore, you are obliged to know and understand all the content of the agreement and, if necessary, consult with the authorities.

Function of the Home Sale Agreement Letter

Of course, each contract has its function. This is its strong and valid legal status.

Here are some features of the home sale agreement letter that you need to know:

1. As Proof of Transaction

This letter of agreement is proof of a valid transaction and becomes a strong legal basis if one day there is a dispute. In this letter there is an agreement between the seller and the buyer regarding many things related to the house.

So that after this agreement of sale and purchase becomes something that you need to save and understand all its contents.

2. As a Protection for Buyers

Besides being proof of the transaction, this letter of agreement can also function as a protector for the buyer. This is because there are provisions regarding the rights and obligations for buyers and sellers that must be respected during the process of buying and selling a house.

3. As a Template in the Credit Process

This sale and purchase agreement can serve as a reference in the process of applying for credit if the buyer buys the house with a credit scheme. Banks or other financial institutions will verify whether the letter of agreement is in accordance with the specified requirements.

In short, this sale and purchase agreement is very important and has a very important function in the transaction process. With the presence of this agreement, sellers and buyers will be safer and more secure, and minimize the occurrence of disputes in the future.

Important elements in the letter of the agreement of sale of the house

Here are some important elements that should be included in the home sale and purchase agreement letter:

1. Identity of Seller and Buyer

In the sale and purchase agreement, the most important element is the complete identity between the seller and the buyer. Many things must be included such as name, address, phone number and ID number.

This is very necessary to ensure that both parties have sufficient legal capacity to carry out the transaction.

2. House specifications

It is also important to understand the specifications of the house that is being marketed. This letter of agreement should include the address, land and building area, number of rooms, condition of the building and other facilities.

This information will certainly make it easier for buyers to ensure that the house they are buying is in accordance with their needs.

3. Sale Price and Payment Method

The sale and purchase agreement must include the sales price agreed in advance by the seller and the buyer. Also, the payment method is also important to include.

It is done in cash or installments. If the payment is made in installments, then the amount of the installments until the period of time must be clearly stated.

4. Home Handover Time

One that is very important to include is the time to deliver the house. It is important to ensure that the delivery of the house is carried out according to the specified time.

In this way, the buyer feels calm if they already know when the delivery of the house is.

5. Rights and Obligations

The sale and purchase agreement should also include the rights and obligations of the seller and the buyer. This is to ensure that both parties truly understand and fulfill their rights and obligations.

6. Legal and Fiscal Penalties

Finally, the sale and purchase agreement should include legal sanctions if there is a violation of the existing agreement. In addition, it is also necessary to include information regarding the taxes that must be paid by sellers and buyers in accordance with the applicable regulations.

Also read: Understanding what APHT is

Sample Home Sale Agreement Letter

Here are some examples of home sale agreement letters:

1. Cash Payment

Today, [Tanggal]we the undersigned:

Seller: Name: [Nama Penjual] Address: [Alamat Penjual] Phone number: [Nomor Telepon Penjual] Identity number: [Nomor Identitas Penjual]

Buyer: Name: [Nama Pembeli] Address: [Alamat Pembeli] Phone number: [Nomor Telepon Pembeli] Identity number: [Nomor Identitas Pembeli]

Declare that, the Seller agrees to sell the house to the Buyer with the following specifications:

Address: [Alamat Rumah] Area: [Luas Tanah dalam m2] Construction area: [Luas Bangunan dalam m2] Number of rooms: [Jumlah Kamar Tidur] Condition of the house: [Kondisi Rumah]

The sale price of the house is equal to [Harga Jual Rumah] (in letters: [Harga Jual Rumah dalam huruf]) which will be paid in cash by the Buyer to the Seller when the deed of sale and purchase is signed before a notary.

The time of delivery of the house is on the date [Tanggal Penyerahan Rumah] which is marked by the delivery of the keys from the Seller to the Buyer.

Both parties represent that all information contained in this home sale and purchase agreement is true and accurate. If there is a discrepancy with the actual facts, the Seller and the Buyer are ready to bear the legal consequences in force in Indonesia.

Thus, this agreement of sale and purchase of house is made in truth and with full conscience.

seller, [Nama Penjual]

buyer, [Nama Pembeli]

2. Payment of credit

Today, [Tanggal]we the undersigned:

Seller: Name: [Nama Penjual] Address: [Alamat Penjual] Phone number: [Nomor Telepon Penjual] Identity number: [Nomor Identitas Penjual]

Buyer: Name: [Nama Pembeli] Address: [Alamat Pembeli] Phone number: [Nomor Telepon Pembeli] Identity number: [Nomor Identitas Pembeli]

Declare that, the Seller agrees to sell the house to the Buyer with the following specifications:

Address: [Alamat Rumah] Area: [Luas Tanah dalam m2] Construction area: [Luas Bangunan dalam m2] Number of rooms: [Jumlah Kamar Tidur] Condition of the house: [Kondisi Rumah]

The sale price of the house is equal to [Harga Jual Rumah] (in letters: [Harga Jual Rumah dalam huruf]). Payment is made by credit

in a period of [Jangka Waktu Kredit] month in installments of [Besaran Cicilan] per month. The first payment is made on the date [Tanggal Pembayaran Pertama] and proceed with the monthly payments according to the agreed schedule.

The buyer is required to present the documents required by the bank or financial institution for credit applications.

The time of delivery of the house is on the date [Tanggal Penyerahan Rumah] which is marked by the delivery of the keys from the Seller to the Buyer.

Both parties represent that all information contained in this home sale and purchase agreement is true and accurate. If there is a discrepancy with the actual facts, the Seller and the Buyer are ready to bear the legal consequences in force in Indonesia.

Thus, this agreement of sale and purchase of house is made in truth and with full conscience.

seller, [Nama Penjual]

buyer, [Nama Pembeli]

3. Gradual payment

Today, [Tanggal]we the undersigned:

Seller: Name: [Nama Penjual] Address: [Alamat Penjual] Phone number: [Nomor Telepon Penjual] Identity number: [Nomor Identitas Penjual]

Buyer: Name: [Nama Pembeli] Address: [Alamat Pembeli] Phone number: [Nomor Telepon Pembeli] Identity number: [Nomor Identitas Pembeli]

Declare that, the Seller agrees to sell the house to the Buyer with the following specifications:

Address: [Alamat Rumah] Area: [Luas Tanah dalam m2] Construction area: [Luas Bangunan dalam m2] Number of rooms: [Jumlah Kamar Tidur] Condition of the house: [Kondisi Rumah]

The sale price of the house is equal to [Harga Jual Rumah] (in letters: [Harga Jual Rumah dalam huruf]). The payment is made in a number of increments [Jumlah Cicilan] times, with rates of [Besaran Cicilan] by installment.

The first payment of [Jumlah Pembayaran Pertama] made at the time of signing this agreement. In addition, installment payments are made to date [Tanggal Pembayaran Cicilan] every month, with a period of time [Jangka Waktu Cicilan] moon

The time of delivery of the house is on the date [Tanggal Penyerahan Rumah] which is marked by the delivery of the keys from the Seller to the Buyer.

Both parties represent that all information contained in this home sale and purchase agreement is true and accurate. If there is a discrepancy with the actual facts, the Seller and the Buyer are ready to bear

So the discussion of the agreement of sale and purchase of house that you need to understand. Of course, with this agreement, you will get many benefits and a strong legal certainty.

I hope this article is helpful!