Hi - just new to this forum, but have been reading very intently for some time and was hoping to tap in to any advice available out there.
We are looking at leasing and building on a plot in East Bali, however, this is something we don't have any experience doing, so are trying to avoid some of the pitfalls and traps that we know are out there.
We have been doing plenty of research, but find the best way to get a full understanding is to ask those that have done this sort of thing before - so if you're willing to share from your experiences, we'd be thrilled to hear from you!!
Where to start?
We know the plot that is available, and think the price is reasonable. The lease offered is a 5+5 year.
We are aware that it is important to get a good reliable notary. Are there any recommendations on where to find a good one, and is it necessary to have a lawyer in addition to a notary?
In regards to the lease - Is it possible to negotiate a longer term - or would be get a notary to do this? especially as we're thinking of buiding.. Is the Hak Pakai the right type of lease? To have the rights to build and use the plot?
Clauses - that the owner of the land cannot sell the land during the term of the lease? any other obvious inclusions that we should be aware of?
Is it necessary for any heirs to sign the lease as well?
I would also be interested in hearing what sort of formalities (?) are required is we decided to rent out the villa when it was not being used by us? (we're Australian residents but spend a reasobable amount of time in Bali). eg -any license required, income repurcussions, percentage payments to the land owner/village elder - keeping people onside? etc...
Thank you in advance for any information - yes, we are a little green - but trying to do gather as much information as possible before we dive in to any decisions!! :icon_wink:
We are looking at leasing and building on a plot in East Bali, however, this is something we don't have any experience doing, so are trying to avoid some of the pitfalls and traps that we know are out there.
We have been doing plenty of research, but find the best way to get a full understanding is to ask those that have done this sort of thing before - so if you're willing to share from your experiences, we'd be thrilled to hear from you!!
Where to start?
We know the plot that is available, and think the price is reasonable. The lease offered is a 5+5 year.
We are aware that it is important to get a good reliable notary. Are there any recommendations on where to find a good one, and is it necessary to have a lawyer in addition to a notary?
In regards to the lease - Is it possible to negotiate a longer term - or would be get a notary to do this? especially as we're thinking of buiding.. Is the Hak Pakai the right type of lease? To have the rights to build and use the plot?
Clauses - that the owner of the land cannot sell the land during the term of the lease? any other obvious inclusions that we should be aware of?
Is it necessary for any heirs to sign the lease as well?
I would also be interested in hearing what sort of formalities (?) are required is we decided to rent out the villa when it was not being used by us? (we're Australian residents but spend a reasobable amount of time in Bali). eg -any license required, income repurcussions, percentage payments to the land owner/village elder - keeping people onside? etc...
Thank you in advance for any information - yes, we are a little green - but trying to do gather as much information as possible before we dive in to any decisions!! :icon_wink: