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Good Strategy To Buy Leasehold in Bali

12 August 2022 by Seo Manager
Good Strategy To Buy Leasehold in Bali

On the market for a Bali villa? Well, now is one of the best times to start looking! There are hundreds, if not thousands of villas in Bali so our advice to you is to start narrowing down your search based on criteria.

One of the most important things to understand before you purchase anything is legalities and Indonesian property law. There are 3 main types of property ownership here in Indonesia and if you’re a foreign citizen, it would be good to know early on that foreigners aren’t legally allowed to own land or property in Indonesia.

The next best thing to do is to “purchase” a leasehold property. Simply put, a “lease” means a long-term rent of a property – you “own” the property for a number of years whether 25 or 70 years, depending on your agreement with the owner. This does not include the land that the property stands on.

Depending on your agreement with the owner, payments can either be made annually, or you can make full payments upfront to cover the entire duration of the lease. Once the lease has expired, you can either negotiate to renew the lease or the property will be returned to the rightful owner and reverted back to its freehold status.

This option has worked incredibly well for foreigners who wish to have their own property in Bali or for those who are looking to buy and let. Just take a look at all of the expat areas in South Bali and you can see this for yourself.

You can also speak to us at Bali Coconut Living. We’re experts in the Bali property law and a Seminyak-based villa property agent that is always ready to serve you if you need assistance in buying, selling, and even maintaining a villa for your passive income. Feel free to contact us by clicking on Bali Coconut Living, or pick up the phone and call us at +62 361 847 6727.

Meanwhile, take a look at our most popular and in-demand collection of leasehold properties in Bali. Our catalogue of beautiful and luxurious, tropical leasehold villas is easily categorized via price and location.

Take your time to browse through our collection and do let us know when you would like to have an inspection!

 

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