The simple answer is yes. If you're reading this, you likely aspire to own a piece of land in Bali. While technically, as a foreigner, you can't own land in Indonesia outright, there are avenues available to acquire one. One common method is through a leasehold agreement (known as "Hak Sewa") for 25 to 30 years, with the available option to extend. Alternatively, you can establish a PMA and purchase the land through the company. Now that you're prepared to embark on this journey, here are the steps to guide you:
1. Conduct Due Diligence:
This is perhaps the most critical step in the process. Thoroughly research and verify the land's legal status, ownership history (ensuring there are no disputes), and other relevant factors.
2. Engage the Right Representatives:
Language and cultural barriers can complicate your search for ideal land and negotiations. It's crucial to find a trusted individual who can navigate these complexities. They will help identify suitable locations based on your preferences and facilitate a seamless process from inspection to closing the deal.
3. Negotiate Wisely:
Prior to finalizing any deal, it's essential to understand the price range of the land and its surrounding area. Location significantly influences pricing. Negotiation is key, and understanding the seller's motivations can aid in reaching a favorable agreement. Once a desirable price is established, draft a Sale and Purchase Agreement and provide a minimal deposit, typically around 10% or an agreed-upon figure by both parties.
4. Closing the Deal:
This stage is pivotal, particularly concerning paperwork. Ensure all legal documents, including the land certificate and building permits, are in order. Verify that all taxes and fees are paid in full, retaining evidence of payment and agreement from all involved parties.
5. Register the Land:
Seek out a reputable notary or land office to register your land. Once again, ensure all paperwork is complete and accurate. Upon successful registration, you'll obtain the land certificate. Remember to create copies and store them securely.
If you require assistance or further information, feel free to contact us at [Pandu Consultancy](www.panduconsultancy.com).