Institusion
Universitas Sumatera Utara
Author
Perangin-Angin, Julianita
Subject
Financing Agreement
Datestamp
2018-03-16 15:06:38
Abstract :
Build-share contract is a contract which comes from people?s need because of
the rapid development of business law. It is made between developers and land
owners, and it is usually preceded by financing agreement among developers who
gather an amount of financing for buying land and constructing a real estate
according to their agreement. The research problems were as follows: how about the
implementation of financing agreement in a build-share contract, how about legal
consequence when there was default of one of the parties in implementing financing
agreement in build-share contract, and how about Notary?s liability when a dispute
occurred because of the default of one of the parties in constructing the real estate at
Kelurahan Tanjung Sari, Jalan Setia Budi, Medan.
The research used normative juridical method which was done on the
prevailing legal provisions, especially contract law in Book III of the Civil Code. The
nature of the research was descriptive analytic which was aimed to describe, explain,
and analyze the research problems and found the answers and the solution.
The result of the research showed that the implementation of financing
agreement in the build-share contract in the construction of the real estate at
Kelurahan Tanjung Sari, Jalan Setia Budi, Medan, was started by making a financing
agreement by four developers: developer A shared 30%, developer B shared 40%,
developer C shared 20%, and developer D shared 10% of the total capital for
constructing a real estate on the land area of 10,729 m2. The legal consequence was
that there was default of the developers, in constructing the real estate at Kelurahan
Tanjung Sari, Jalan Setia Budi, Medan. Two land owners who were harmed filed a
complaint. However, before the litigation occurred, there was a negotiation between
developers and them before a Notary, and the settlement was done by the developers?
adding some funds for the land acquisition owned by the two land owners so that the
construction of the real estate could be carried out. The Notary?s liability in the
dispute due to the default of one of the parties in constructing the real estate at
Kelurahan Tanjung Sari was only ethic and moral responsibility by giving legal
advice to the conflicting parties so that the dispute was settled by negotiation.