Expertise: Real Estate

The Indonesian Civil Code (ICC), as the regulatory foundation for contracts, does not regulate pre-contract documents, such as letter of intent, memorandum of understanding, term sheet or other non-binding agreements, although these are customary to be entered into by the transacting parties prior to executing a binding contract. Before signing a contract as part of … Real Estate in Indonesia – Pre-Contract

The Indonesian government controls the development, construction and use of real estate by implementing spatial planning and zoning. Every regional government is required to plan the use of land, which requirement is implemented pursuant to Law No. 26 of 2007 Regarding Spatial Layout (26 April 2007). The spatial layout scheme consists of the national spatial … Real Estate in Indonesia – Planning and Land Use

There are various types of land title in Indonesia, and not all of them can be acquired by foreign entities and individuals, even if such foreign individuals reside in Indonesia or the foreign entities have a presence or do business in Indonesia. Below are the types of land title and the parties who are permitted … Real Estate in Indonesia – Foreign Owners and Tenants

In Indonesia, land is legally acquired upon the execution of a Sale Purchase Deed (AJB) by the seller and buyer, or a Land Relinquishment Deed (APH) in favor of the buyer. An AJB is used if the buyer wishes to acquire certificated title to the land of the same type as the seller\’s certificated title. … Real Estate in Indonesia – Registration and Recording

There is a system for land title registration in Indonesia, and upon registration the land title holder will be issued the relevant land certificate. However, large areas of land that have not been registered and certificated still exist in many rural areas. The rights to this land are still governed by adat (customary) law. They … Real Estate in Indonesia – Land Records