This research was to test influence managerial ownership, institutional owenership , dividend policy, firm size, assets structure and profitability towards debt policy. Sample in this research companies property and real estate registered at Indonesia Effect Exchange year 2005-2010. Method data collecting uses purposive sampling, with sample total 36 company. Analysis method uses multipple regression analysis with confidence level 95%. This research result shows simultaneous influence existence between managerial ownership, institutional ownership, dividend policy, firm size, assets structure, and profitability towards debt policy. From partial positive influence test between variable managerial ownership, institutional ownership, dividend policy, firm size , assets structure and profitability towards only influential assets structure variable significant towards towards debt policy.