Advise to Purchase Bali Property Land

Foreigners purchasing land in 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 signeds with your nominee, prior to the purchase:

1. Mortgage Agreement - Cost: 1% mortgage value for Notary; 1% of total mortgage value for BPN land affairs office.

2. Power of Attorney - granting exclusive rights to Mortgager to release the Mortgage.

3. Financial Loan Agreement.

4. Power of Attorney for all rights to the land.

5. Statement Letter - outlining proof of payment for the property.

6. Statement of Indemnity (for nominee).

7. Power of Attorney for IMB - authority for Building Permit.

8. Statement Letter - No second mortgage.

9. 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.