drbruce, on 22 November 2009 - 02:13 AM, said:
Here is another option for those folks wanting to "purchase" property in Bali. This one is called Hak Sewa (Right to Rent). This right allows a foreigner or Indonesian the right to rent land that is owned by another party for the purposes of building or residency. This right is not registered at the land office so there is no official certificate that accompanies it. The time period for this option is generally 25 years, and it can be renewed. The Indonesian owner of the land keeps the certificate and the expat keeps the original rental document and a photocopy of the land certificate. We've used this approach several times when doing land transactions with foreigners and haven't had a problem yet.
This sounds not bad at all if you construct a very cheap housing on it, which has no value at all ready to move out anytime on request. Something like a container housing? Or for a retired foreigner, who might be in his 70s. But how much is the 'lease(?)' Same as rent or really cheaper? But not registered, so this is not a lease, not a binding contract. - It sounds like to pay nothing else but a monthly (?) rent. And after only 25 years it 'could' be extended. So what happens then with the building on it, if it is a good construction for longer than 25 years and still in good condition?
Do you see any advantage for the person who is renting such a land? I see only advantages for the owner, has he any legal obligation to respect these 25 years or can he demand his land back even much earlier for his own use? Even if he is receiving the 'rent' on time?
Anyway, so far I understand out of your postings, this one and the previous ones, it is somewhat not really necessary to buy anything as a foreigner, as there are some generally accepted legal standard procedures to go around true ownership of land for many years or even decades. It seems in Indonesia people are trustfully and not so much into cheating in case of such transactions.
Maybe somewhat different to Thailand, where all and everything is legally seen not really much stable.
May I ask, did you live in other Asian countries for a longer time, or always only in Indonesia?