OWNING PROPERTY IN BALI

The current law in Indonesia regarding title, deeds or ownership states that land cannot be owned by foreigners, but a reliable and tested system has been developed on how foreigners can purchase and secure property in Bali using current Indonesia real estate laws. In very easy terms, here is an outline of the basic structure:

First, a loan contract is executed between you and your nominee, The nominee has to be Indonesian as the current law states. Bali Ocean Front staff can be this nominee, and currently hold several land certificates in this way for foreign investors. The contract shows that the property has been purchased with money provided by you. This will result in your name being registered on the title deed at the land office in conjunction with that of the nominee. This means that your claim over the land is officially referenced in public records.

Second, the nominee makes a formal binding agreement, giving you the unencumbered and exclusive right to.

Bali Ocean Front deals with properties that offer Beauty, Serenity and tranquillity property that is only directly on the oceanfront

Third, a declaration letter made by you and your nominee clearly outlining the relationship between the parties so that there can be no misunderstanding.

The combined effect of these documents is to clearly show that the Indonesian nominee has no financial interest in the property and stating categorically that the role they have is only that of your nominee. Your interests are well protected.

We are happy to refer you to a competent legal advisor, who is normally a notary. We recommend strongly that all clients use recognized legal advisors to protect their interests.

Bali Ocean Front Will arrange all the necessary paperwork trough their legal department and pass this directly onto the notary for official confirmation. The property then legally is in your name and totally secured.

In Bali most real estate transactions are completed by the government notary,this ensures that all your transactions are legally binding .
You do not have to deal with a lawyer and the lawyers of the sellers. lawyers are only used in Bali for criminal offences.
The sellers and buyers have to use the same government notary to record the transactions.This ensures that any money you have paid goes straight to the sellers and the sellers have to own the land certificate before receiving any money.
Thus you are insured that when you buy the land your name is put onto the government land title.

Bali is one of the simplest places to complete land transfers.
Buying land and property are like most European nations where property is leased rather than freehold ,but Bali Ocean Front can offer you a more secure way of obtaining your freehold property by using our nominee system which we offer at no cost to you.
To find out more,just call or e mail.