Foreigners purchasing land in Lombok or Bali, should protect their interests by putting the following
documentation in place:
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 Lombok or Bali, please do not hesitate
to contact us.
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