nominee questions

Smoke

in negotiations for a few ares of land and the structures. there is one certificate for the land. Is it possible to use 2 nomenies ? or am i causing more headaches and problems for my self ? thoughts and ideas even the reasons please [MENTION=9978]no.idea[/MENTION] yes very very near to you neighbor .(you can send someone to borrow pool chemicals when you run out)

balibule

Isn't the nominee the land owner who's name is printed on the certificate? If yes, how can you have two nominees?

Markit

The nominee is [U]your choice[/U] of trusted Indonesian property owner who has you by the small, wrinkled sack you so treasure. Why would you want him to share his duties with someone else you have to trust with the family jewels? A property can be divided up into as many pieces as you wish and a certificate created for each one - happens here when land is divided amongst the heirs, for instance brothers after Pa shuffles off. Question is why would you want to do it? I don't see any benefit. But what do I know?

Smoke

[MENTION=5182]balibule[/MENTION] I have seen certificates with 2 dfferent names such as mother and son or(different last names)and even brother and sister. [MENTION=1532]Markit[/MENTION] maybe I like the small wrinklef sacks in other hands

no.idea

I have land that is leased in the name of two different people. I did this to protect myself. Neither of these people can on lease the land without the consent of the other person. If I have a falling out with one of the people, the other may still advise me of any underhand activities. I also took a caveat out against both people that details in the case of the on-leasing of the property 100% of the contract price must be returned to me. The S'cape Apartments in Sanur is a great example of not protecting themselves. Westerners leased the land and units for 40 years, the land owner then borrowed money against the land from the bank. Of course this was not paid and the lessees came home to find that they were fenced out of their own units. If you happen to be in Sanur you will notice a for sale sign at the front of the associated restaurant.

Smoke

[MENTION=9978]no.idea[/MENTION] basically my thinking .that caveat i will research today before i meet with notorius at 5 to do some prelimary stuff.

samsiam

notorius.. lol

Markit

In thinking about it I'm not convinced that any number of Balinese (possibly related) nominees would be unable to come to some mutual agreement to sell your land. Also bear in mind that a leasehold [U][B]may be [/B][/U]void on the death of the leaseholder. Scenario - you lease land, build big house, get hit my truck, owner of land now has brand new house on HIS land. Personally I'm not keen to be worth more dead than alive. Actually I've now edited this twice and am still confused - Smoke are you leasing land or buying it freehold? If lease, why do you have anything to do with the certificates? If freehold why do you care what no.idea does with his leasehold?

Smoke

I will be buying the land and house. Planned on getting listed as person of interest etc o then certificates. both nominees are very trusted friends and different families along with towns. Since property is in lovely Sanur i was thinking to make sure the certificates have a Sanur Bersato on them for any dealings with banjar . I agree with the thinking more dead then alive but my niece would have had that option fo r many years and still does. i figure less chance with 2 nominees then 1 no.idea gave great senario as a lease which i was going to do on the certificates and the nominee paperwork.

no.idea

Markit wrote.Personally I'm keen to be more dead than alive.

Are you offering us a choice in the matter. Maybe we can have a vote.:icon_rolleyes:

Markit

Markit wrote Personally I'm not keen to be [U][B]worth[/B][/U] more dead than alive.

There is a slight, but meaningful, difference in our 2 quotes.

Smoke

actually markit i do know what i am doing .your making mor confusing even with all your edits. again I am buying land as best a non indo can. I will not lease land .

Markit

Smoke wroteI will be buying the land and house.[COLOR=#ff0000] Leasehold or Freehold? [/COLOR] Planned on getting listed as person of interest etc o then certificates. [COLOR=#ff0000][/COLOR][COLOR=#ff0000]Person of Interest is good but should be tied to a mortgage/loan agreement to hinder the resale of the land. PoI will only mean that they will try and find you if the land is up for sale, if unsuccessful the sale can still go through. If tied to a mortgage/loan agreement the new buyer will not risk burning his fingers with buying a possibly bad land title - if they can't find you. [/COLOR] both nominees are very trusted friends and different families along with towns. [COLOR=#ff0000]The annals for bad property deals here on Bali are chock-a-block full with "good friends", "trusted employees", "MY Wayan", "MY Made - would never, ever cheat me!!!" Go with a good business man with a family and standing in the community i.e with a good reputation to keep - NOT A FRIEND, NEVER "MY BALINESE FAMILY" EVER!!! It will end in tears. And why would you use 2 families/nominees? Frankly that just doubles your chances of pissing off one of the owners. [/COLOR] Since property is in lovely Sanur i was thinking to make sure the certificates have a Sanur Bersato [COLOR=#ff0000][/COLOR][COLOR=#ff0000]what is Bersato?[/COLOR] on them for any dealings with banjar . I agree with the thinking more dead then alive but my niece would have had that option fo r many years and still does.[COLOR=#ff0000]Not knowing your family I'd still be willing to bet that your niece is less likely to have you killed than someone you just met last year - again, not knowing your family. [/COLOR] i figure less chance with 2 nominees then 1 no.idea gave great senario as a lease which i was going to do on the certificates and the nominee paperwork. [COLOR=#ff0000]Hak Milik (freehold) has absofuckinglutely nothing to do with Hak Pakai (leasehold)[/COLOR]

Frankly, Smoke you seem to be hopelessly confused about the whole process. Get some professional advise and pay for it. And listen to them!

Markit

Then why did you mention no.idea's leasing process? TWICE!! It has sweet feck-all to do with freehold buying. If you aint confused then you'll do until one comes along...

spicyayam

Some people do buy property with a nominee and then lease it from them. I think for extra protection.

Smoke

Markit wroteThen why did you mention no.idea's leasing process? TWICE!! It has sweet feck-all to do with freehold buying. If you aint confused then you'll do until one comes along...

cause you keep bringing it up. all i wanted to know is is i can have to different names on the land certificate. I am very well aware of why and how come I want it that way ! but thank you anyway

Smoke

spicyayam wroteSome people do buy property with a nominee and then lease it from them. I think for extra protection.

there is also another way which will be used. sorry not on an open forum

mugwump

spicyayam wroteSome people do buy property with a nominee and then lease it from them. I think for extra protection.

Sorry Spicy, But are you saying that you would buy the property then elect a nominee (perhaps the seller or other party), and then pay AGAIN by leasing from the nominee? Personally have a Hak Pakai on one property and nominee agreement on a separate property because I was told by the notaris that I couldn't have a Hak Pakai on the second because it was too large a parcel for that election. Don't wish to muddy the waters for poor Smoke, but these discussions (where valid), can be beneficial to all of us going through this murky process.

Smoke

Thanks mugwump I just wanted to know if i could have 2 names listed on the certificate which I can and will have done.

gilbert de jong

[MENTION=11246]Smoke[/MENTION] Just wanted to add, On/in the serifikat (the drawing in the back) you can even have specified who owns what part of the land.