LEGAL ASPECTS OF HOME OWNERSHIP FOR FOREIGNERS
Journal Title: Academic Research International - Year 2016, Vol 7, Issue 3
Abstract
Residential houses ownership according to the Government Regulation No. 103 of 2015 consists of single homes (detached house) and apartment units. The legislation requires that the ownership of residential property/housing for foreigners domiciled in Indonesia or their heirs who hold residential permit is limited to granting right to use title of land and the lease with the term period as specified in the legislation, because in principle Freehold, Right to Build, and Right to Cultivate of land can only be owned by Indonesian citizens or Indonesian legal entity. If it is known that a foreigner had left Indonesia, then such Right to Use must be released immediately.
Authors and Affiliations
S. H. , M. Si. Irawan Soerodjo
Keywords
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