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Also known as a “Surat Keterangan Waris” in Indonesian, the inheritance deed outlines the rightful beneficiaries and their respective shares in the inheritance as per the relevant laws and regulations in Indonesia. In property, this deed is mostly used for a foreigner who wants to purchase a property in Indonesia.
Since a foreign individual cannot own a property in Indonesia, the only way to possess one is when they are married to an Indonesian, so that they can buy a property using the name of their spouse.
The Inheritance Deed comes in handy when handling this matter to separate the assets of the spouse from the foreign individual.
It is essential to understand and comply with the right terms and conditions associated with conducting an inheritance deed, including legal requirements, necessary documentation, professional fees, and estimated timelines. Consulting with professionals in the field can help ensure a smooth and successful inheritance transition in Indonesia.
By engaging in the Inheritance Deed Consultation Service from Lets Move Group, our clients can benefit from legal expertise, proper documentation, a simplified process, and customized solutions.
Our expert teams are located across Jakarta & Bali, ready to assist you completely with a hassle-free Inheritance Deed process!
An inheritance deed in Indonesia can be created by a notary public or a licensed legal consultant specializing in property and inheritance matters. They play a crucial role in ensuring the document’s legality and authenticity.
The time to complete the inheritance deed process can vary based on the complexity of the case, the number of heirs involved, and any potential legal challenges. Typically, it may take a few weeks to a few months to complete the entire process.
Yes, foreigners can inherit property in Indonesia through an inheritance deed. However, there are restrictions on foreigners owning certain types of properties, such as land with the “right-to-build” status (Hak Guna Bangunan/HGB) or land with “right-of-use” status (Hak Pakai). Foreign heirs must comply with the relevant property ownership laws and regulations.
Reliable inheritance legal consultants like Lets Move Group can provide valuable assistance in a variety of ways:
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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