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Property Legal Services
The process of buying and leasing property in Indonesia could be easy if you have a comprehensive understanding of your rights as a buyer/lessee/lessor. There are however a range of issues that may affect your future investment.
For decades, the recording has always been in the form of hand-written records. It is not uncommon to see two official land certificates for the same plot of land. The Indonesian Government has only very recently started on digital records of land certificates. Due diligence acts as a record of investigation and examination of a property before a real estate transaction takes place. It is essential to ensure that the property is legally sound, free from any encumbrances and meets the buyer’s expectations. The goal is to identify potential risks and liabilities associated with the property and to make an informed decision based on the findings.
Engaging a reputable and experienced legal consultant can significantly contribute to a successful due diligence process in Indonesia, as it ensures that potential legal risks are identified and addressed, providing clients with valuable information for making informed business decisions.
During due diligence for property in Indonesia, legal aspects to consider include:
Generally, due diligence for a property in Indonesia can take anywhere from a few weeks to a few months. Connecting with a reliable legal consulting agency like Lets Move Group will be able to provide more tailored information based on the specific circumstances of the property transaction.
The essential documents for property due diligence in Indonesia typically include all types of land documents according to the applied regulations. The documents can be in the form of: - A land certificate (Hak Milik), location permit (Izin Lokasi) - Building permit (Izin Mendirikan Bangunan) - Land use permit (Izin Penggunaan Tanah); - and any relevant licenses or approvals from local authorities.
Pemerintah Republik Indonesia berencana menghapus pajak properti dan memperpanjang jangka waktu KPR sebagai stimulus pasar perumahan sebagai salah satu langkah awal mencapai target untuk membangun tiga juta rumah baru setiap tahunnya. Hasil survei terbaru Bank Indonesia menunjukkan adanya kenaikan terbatas pada harga properti residensial di pasar primer pada Triwulan II 2024. Berdasarkan Survei Harga Properti […]
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Since the beginning of this year, the real estate sectors in Jakarta and Bali have shown diverse trends. The international commercial real estate agency, Colliers, has recently released its latest report on the developments in Jakarta’s office, apartment, expatriate housing, retail, and hotel sectors, as well as Bali’s evolving hospitality scene. This report, available on Colliers' official website as of July 9, 2024, provides insights into how these markets are adapting to economic shifts and evolving consumer preferences.
2024 is shaping up to be a dynamic year for the Indonesian property industry. While the residential property market is showing relative stability, with the composite-16 property price index rising only 1.74% throughout 2023, the expat property sector is experiencing a gradual uptick in early 2024 […]
Owning an apartment is a popular housing choice nowadays. However, before purchasing one, it's important to understand the differences between the Strata Title Certificate for Apartment Units (SHMSRS) and the Building Ownership Certificate (SKGB).
For many Indonesians, owning property is a significant investment in life. Whether it's a residential house, apartment, or land, property can be a source of financial security and future stability.
Our journey started in 2016 with the sole aim of becoming the most ethical property and real estate agent in Indonesia. Our dream is to be a complete solution for the needs of expatriates, offering comprehensive solutions for property investment in Indonesia. Find Out More »
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