Business & Property

3 Crucial Things Before Leasing Property In Bali

Property is a profitable investment, both short and long-term. Bali is a lucrative investment land. Investment does not have to be on a large scale. Everyone can personally invest in property. Buying land, houses, apartments or villas, whether to be occupied or rented, is a form of investment.

leasing property in bali

Rarely do people buy property in cash? For that, there are many benefits from leasing property in Bali that can realize your dreams. The process of buying and leasing property in Bali is very easy and simple. Many important things must be considered before buying or leasing in Bali.

The Indonesian government has just fixed a digital land certificate system. A few decades earlier, land certificates were in the form of handwriting. This makes it possible for 1 property to have 2 land certificates. Clash disputes over land often occur. For that reason, the important thing before investing anywhere, especially buying or leasing in Bali is to conduct a due diligence survey. The purpose of the complete UII survey is a comprehensive assessment of your new investment for you.

High Potential you should know before leasing property in Bali

Are prices of leasing property in Bali based on market value?

The concept of the market, price, cost, and value is very relevant on the basis of the assessment of buying or leasing property in Bali. Especially in Bali, the demand for property, whether for hotels, villas, resorts or residences is getting higher, Bali’s economy is very good and market demand is one of the causes of property prices based on market value.

Are there outstanding taxes?

Before taxes are paid, allowing leasing of property in Bali will be slightly hampered. It is better to check before the leasing process is carried out. If you do not check, this allows you to pay the previous owner’s tax. This will be very detrimental to your finances.

Is there any clarity on land boundaries?

Property investment in the form of land will be profitable. Most foreign businesses in Bali rent land to build their business. The period of time set by the tenant is not half-hearted. Minimum land rent for foreign businessmen in the long term is 10-25 years. After the lease expires, the tenant must negotiate whether there is an increase in land rent or not. Land boundaries will greatly help mark the land that you should belong to. This can prevent your land from being recognized by others.

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