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Rights of Land - Indonesian Nominee

 
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Joined: 16 Jan 2003
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Location: Bali Indonesia

PostPosted: Fri Aug 10, 2007 10:29 am    Post subject: Rights of Land - Indonesian Nominee Reply with quote

If an Indonesian acts as nominee for a foreign investor there are a number of contracts and other documents which must be prepared by and signed in front of a qualified notary. These include the Purchase or Rental Contract for the property transferring the rights from the previous owner to the nominee; a Loan Agreement for the purchase/rental price between the investor and the nominee; and an irrevocable and transferable Power of Attorney to sell, transfer or otherwise dispose of the property and to represent the nominee in any dispute regarding the property, given from the nominee to the investor. The nominee will also be asked to hand over all original land titles to the foreign investor. Reference http://property.baliwww.com
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