Please consult with the Notary in regard to the
Hak Pakai option. Although this option is similar to a long term lease, it may suit your needs better than the use of a nominee.
If using a nominee, the following documents should signed with your nominee, prior to the
purchase:
- Mortgage Agreement - Cost: 1% mortgage value for Notary; 1% of total mortgage value for BPN land affairs office.
- Power of Attorney - granting exclusive rights to Mortgager to release the Mortgage.
- Financial Loan Agreement.
- Power of Attorney for all rights to the land.
- Statement Letter - outlining proof of payment for the property.
- Statement of Indemnity (for nominee).
- Power of Attorney for IMB - authority for Building Permit.
- Statement Letter - No second mortgage.
- Lease Agreement - granting the purchaser 25 years lease plus an automatic extension of 25 years (added security) - Cost: 1% of lease value.
If you need help or have any question regarding owning property in Bali, please do not hesitate to
contact us.
