Due Diligence Part 4: get to know your legal options – freehold and right of use
In Part 3 of Due Diligence I spoke about acquiring a property as leasehold and I stressed the importance of properly structuring the extension of the leasehold term. Today, I'd like to talk about acquiring a freehold property.
Real estate in Bali can be a very confusing business and real estate agents can add to and compound these confusions with misconceptions and rumours and gossip and a lack of understanding of what their jobs are really supposed to be.
Real Estate in Bali - Ownership Structures for Expats
The nominee structure for foreign ownership of freehold land and property in Indonesia is essentially illegal as Indonesian law clearly states only Indonesian nationals can own freehold titles. There are, however, legal alternatives and ownership structures that don't include 'nominees'.
