Valid Land Sales and Purchase Receipt: Types, Functions, and How to Make It

Illustration of a valid land purchase and sale receipt. (Pixabay)

YOGYAKARTA - Receipts are one of the important things when the land purchase and sale process is carried out. Below will be explained about the valid and enforced land purchase and sale receipts in Indonesia.

Quoted from the National Land Agency's website, documents that have the word "invoice" are used as proof of payment or receipt of money that is signed and stamped by the seller and then handed over to the buyer as valid proof.

This is the reason why receipts are needed in every transaction, especially if the nominal purchase and sale is quite large such as land sales.

To find out which receipts you should use, read the review of valid land purchase and sale receipts and their types below.

Types of Valid Land Sales Receipts

Land transactions generally have very large nominal values. Therefore, receipts are very needed as proof of official transactions.

Usually, the land purchase and sale receipt contains information, for example, the name of the payer, the nominal description in numbers or sentences, and the purpose of the transaction.

Thus, there are three types of land purchase and sale receipts that can be used, namely:

Cash advance transfer receipt

When making a transaction with a large nominal, usually you as the buyer will first pay a down payment. The purpose is as a sign that you are serious about buying the land and preventing the land owner from selling it to someone else.

Receipt of money transfer

The next type of receipt is a receipt for the transfer of money. Generally, this type of receipt is issued when you want to buy land on credit and make payments by installment.

Receipt of proof of payment

This type of receipt is usually used when you want to buy land in cash. This receipt will be a valid proof that you have made a payment to buy the land.

What is the Function of a Land Sales Receipt?

In general, there are several functions of a land purchase and sale receipt. What are they? Check out the details below:

It becomes written evidence to protect the parties involved from legal problems. As proof of the legality of land ownership, it means that if at some point someone else has an issue or wants to recognize the ownership of the land, then the land purchase and sale receipt is strong enough to support your claim to the ownership of the land. It becomes a binding price of the land between the two parties and cannot be renegotiated later. If later you want to sell the land again at a higher price, then the land purchase and sale receipt can be used as proof of the previous price. In addition, to strengthen the land purchase and sale receipt in the eyes of the law, you must use a 10,000 stamp in the receipt. How to Make a Land Purchase and Sale Receipt with Legal

Below are the steps to create a land purchase and sale receipt:

Provide one blank receipt and one stamp of 10,000. Determine the required filling format for the receipt you will make. Next, determine the purpose of making the receipt. For example, a down payment for land purchase, then write the purpose in the receipt. The next step, write the amount of money in the transaction, either in numbers or in words. Put your signature on the stamp that has been attached. This is a sign that the transaction has been carried out legally. Finally, include the date and location of the land sale transaction.

That's the review of a valid land purchase and sale receipt. Hopefully useful! Visit VOI.id for other interesting information.