You are acquiring a long-term leasehold right over land, not ownership. This gives you the right to use and benefit from the property for the duration of the lease.
No. The land remains under Indonesian title (HGB). You hold a contractual right of use, which is the standard structure for foreign investors.
The lease is structured for approximately 80 years (initial term plus extensions).
Yes. You have the right to extend, and the developer is obligated to facilitate it, subject to Indonesian law.
The cost is based on the official government renewal cost, plus legal and administrative costs, plus a 5% developer fee.
No, as long as the law allows it. The developer must act in good faith.
No. The lease is legally and financially independent from construction and management agreements.
Yes. You can transfer or sell it, subject to prior notice, a 5% fee, and the developer's right of first refusal.
The contract may be terminated and all amounts paid may be forfeited.
Yes. This is a standard structure widely used for foreign investment.
No. This is a construction services agreement, separate from the land lease.
An independent contractor is responsible for construction.
No. The developer acts only as Project Manager, not as contractor.
Everything defined in the plans, specifications and technical scope.
Yes. Construction is treated as a taxable service.
Payments are linked to milestones such as construction start, structure completion and final delivery.
The Project Manager supervises and certifies each stage.
The contractor pays a penalty of 0.1% per day, capped at 10%.
No penalties apply for force majeure, logistics or supply issues.
Yes. The contractor must fix defects during the warranty period.
Yes. All owners must sign it.
No. Participation is optional.
Only for long-term rentals (minimum 3 months). Short-term rental is strictly prohibited.
All income is pooled and distributed proportionally.
No. It is based on overall resort performance.
20% provisional, reduced to 18% if performance targets are not met.
Based on ADR (Average Daily Rate) and occupancy.
Yes, up to 15 days per year, subject to availability.
No. The unit is removed from the pool.
Yes. Operational costs always apply.
Maintenance, staff, utilities and operational expenses.
Insurance is centralized and shared among owners.
Yes, once per year.
It must match the original delivery standard.
Yes, every 5 years, if performance fails for 2 consecutive years, and with unanimous approval.
Penalties may apply, including exclusion or termination.