Hey guys,
So i have been living in Bali for 8 months now and finally feel ready to jump into the deep end and build some villas.
I recently looked at a block of land that i am very happy with and am currently in negotiations about length of lease etc. I just have a few questions i hope you could help me with..
Firstly, alot of people have been telling me the maximum lease period is 25years.. Is this correct? I was always under the impression it was 30 years with options to extend?
I am of the understanding that the notary will cost 1-1.5% of the total lease cost. I do not have a notary as yet, but will this include lease agreement, nominee agreement etc?
What about land taxes? Will the notary deal with all this or will i have to come to an agreement with the owner? How much would they be and how do i know if they have been paid previously?
How long does it take to acquire a bmi? I know this can vary but is there an average time-frame?
Lastly, i am currently here on a social visa, do i need kitas to just oversee the build etc? I know i will need one eventually but am not sure if i would have to get one beforehand..
Sorry about all the question, would be very grateful if anyone could help.
Thanks alot!
Kind regards,
kman
So i have been living in Bali for 8 months now and finally feel ready to jump into the deep end and build some villas.
I recently looked at a block of land that i am very happy with and am currently in negotiations about length of lease etc. I just have a few questions i hope you could help me with..
Firstly, alot of people have been telling me the maximum lease period is 25years.. Is this correct? I was always under the impression it was 30 years with options to extend?
I am of the understanding that the notary will cost 1-1.5% of the total lease cost. I do not have a notary as yet, but will this include lease agreement, nominee agreement etc?
What about land taxes? Will the notary deal with all this or will i have to come to an agreement with the owner? How much would they be and how do i know if they have been paid previously?
How long does it take to acquire a bmi? I know this can vary but is there an average time-frame?
Lastly, i am currently here on a social visa, do i need kitas to just oversee the build etc? I know i will need one eventually but am not sure if i would have to get one beforehand..
Sorry about all the question, would be very grateful if anyone could help.
Thanks alot!
Kind regards,
kman