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Property Certificate Renewal and Extension
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Property Certificate Renewal and Extension - Who It's For and What Are the Benefits
Property certificates are essential legal documents that establish ownership and rights over real estate properties. The most common types of property certificates in Indonesia are:
Ownership Rights (Full Ownership Rights): This certificate grants full ownership rights to the property and is usually issued for freehold properties (such as houses and land). Building Use Rights (Hak Guna Bangunan): This certificate grants the right to construct and own a building on land owned by the government or a private party. It is usually used for building use rights properties. Use Rights (Hak Guna Pakai): This certificate grants the right to use land owned by the state or a private party for a certain period. It is generally used for commercial and industrial purposes.
Leasehold Rights (Right of Lease): This certificate represents the right to rent a property from its owner for a specified period. A Certificate Renewal refers to the process of renewing or extending the validity period of certain types of certificates, such as Building Use Rights or Use Rights, which have a fixed validity period. The process and requirements for renewing such certificates may vary depending on local regulations and the type of certificate in question.
Legal Services Agency in Indonesia, LMI Consultancy will help navigate the right and easy process of extending your property certificates in Indonesia, providing complete guidance through preparing and executing the whole procedure until the new certificates are issued.
Steps for Renewal and Extension of Property Certificates in Indonesia
- Consult the certificate types and the requirements needed with our consultant.
- Our team will then guide you through the extension process.
- Once finished, we will contact you to schedule the new certificate issuance.
- Note: The process should be requested a minimum of 2 weeks before the old certificate’s expiration.
Frequently Asked Questions
You cannot sell any kind of property with an expired certificate, you can either renew the certificate or get a new certificate.
Your property can be taken by the government
To maintain the ownership or the right to use/build the property.
Approximately 2 weeks
The cost of extending a property certificate in Indonesia may vary according to the type of certificate and some other prerequisites. To discuss further your specific need for an extension, contact our legal consultant for free consultations.
Need more information about Home Ownership Credit? Check out some of our guides!
- Can expatriates get a mortgage in Indonesia
- Steps to get a mortgage in Indonesia
- Understanding KPR products in Indonesia
- Why It's Important to Use a Mortgage Consultant
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