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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.
Ever come across the term Mortgage Refinancing? In Indonesia’s property finance landscape, there are quite a few terms that might pop up, and refinancing is one of the most important to know. In essence, refinancing is a type of mortgage product that allows you to restructure your existing KPR instalments into a new repayment scheme—essentially, a fresh start for your ongoing home loan.
When applying for a loan such as a Mortgage (KPR) at a bank, the term 'threshold credit limit' often arises. According to the Great Dictionary of the Indonesian Language (KBBI), 'threshold' refers to the maximum limit (of costs, credit, etc.) provided. In the loan application process, the amount granted by the bank or other financial institutions to the customer will not exceed the predetermined threshold.
Find the Best Property Partner in Canggu, Bali Looking for the best property agent in Canggu, Bali? Look no further! At Lets Move Group (LMG), we pride ourselves on being the first choice for all your property needs. With our extensive network, expert team, and commitment to excellence, we are ready to ensure your property journey runs smoothly and successfully. Whether
While taking out a Kredit Pemilikan Rumah (KPR), or mortgage, remains one of the most popular ways for Indonesians to purchase their dream home, the reality is that not every application ends in success. A significant number of aspiring homeowners face rejection from banks, often without clear understanding of the reasons why. So, why does a mortgage application get rejected? What are the warning signs? And most importantly—what can be done about it? Let’s break it all down.
In the bustling city of Jakarta, two names stand out in the ever-evolving real estate market: Gary Joy and Miles Lampitt. These expat property experts are not just making waves - they are revolutionizing the real estate industry in Indonesia, bringing unparalleled expertise and innovative solutions to the table.
One of the main reasons for this is to take advantage of lower interest rates, which can significantly reduce monthly repayments and long-term financial burdens. Additionally, promotional offers from other banks, such as waived administrative fees, reduced early repayment penalties, or more flexible loan tenures, often make switching an attractive option for borrowers.
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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