Hi - I like BALI, and ready to retire. Two questions:
1. I can "Lease" land for 20 years, and build my own villa? So then after 20 years, I just give that villa to the land owner? Do they buy the villa from me?
2. How to break a 20 year lease? Let's say I want to leave after 10 years. I assume since I have to pay upfront cash, they won't refund it, and I have no recourse to a partial amount. Right?
I have access to local Indonesian attorneys, but I would like an expat's perspective.
1. I can "Lease" land for 20 years, and build my own villa? So then after 20 years, I just give that villa to the land owner? Do they buy the villa from me?
2. How to break a 20 year lease? Let's say I want to leave after 10 years. I assume since I have to pay upfront cash, they won't refund it, and I have no recourse to a partial amount. Right?
I have access to local Indonesian attorneys, but I would like an expat's perspective.