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All Journal Journal of Humanities and Social Studies Journal of Law, Poliitic and Humanities
Yetmiaty, Yetmiaty
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Arts Humanities Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Social Sciences

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Journal : Journal of Law, Poliitic and Humanities

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Analysing the Requirements of a Binding Sale and Purchase Agreement and its Implementation in Property Companies in Indonesia Yetmiaty, Yetmiaty; Rasji, Rasji
Journal of Law, Politic and Humanities Vol. 4 No. 5 (2024): (JLPH) Journal of Law, Politic and Humanities (July-August 2024)
Publisher : Dinasti Research

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/jlph.v4i5.551

Abstract

This article is entitled analysis of the requirements of the sale and purchase binding agreement and its implementation in property companies in Indonesia, using the research method of empirical normative legal approach. The results of this study indicate that the implementation of Government Regulation number 12 of 2021 concerning the requirements of the Sales and Purchase Agreement system requirements is not very effective when applied to Indonesian Property Companies, especially if Property Companies or Development Actors use the Pre Project Selling concept, where in this concept, development actors can sell or market before the property product is built or the licensing requirements have not been fulfilled which results in Article 22 paragraph (5) regarding the requirements of the PPJB system cannot be in accordance with the practices that occur in the property business world in Indonesia.
Co-Authors Rasji, Rasji