Leasing is financing by banks or institutions in the form of goods or capital for individuals or companies, both short and long-term. Daily expense becomes one of the obstacles for most people to get property in cash. For this reason, many banks or institutions that offer to lease to reduce the cost of purchasing property are adjusted to monthly income per person.
Property in Bali is one of the favorites as a home or investment. Now, most people are very careful about using banks and financial institutions to get a property. Property purchases require a small budget. Leasing property in Bali with interest variants from various banks and financial institutions brings a breath of fresh air to everyone getting their dream real estate.
Unfortunately, many leasing proposals do not really pay attention to financial conditions, so there are many bad loans. For this reason, before applying for leasing property in Bali, it’s a good idea to make financial planning. If needed, you can hire a financial consultant to help organize so you can group the budget each month.
Leasing property in Bali not only attracts Indonesian citizens but also foreigners. In fact, banks and financial institutions in Indonesia facilitate leasing for Indonesians. While for foreigners there is a prohibition to make leases in any form.
Requirements for leasing property in Bali for Indonesian citizens
- Indonesian citizens
- 21 years old
- Location of residence or work in accordance with a bank or financial institution where leasing applications
- Complete the documents needed for leasing applications
As for foreigners, based on Bank Indonesia regulations that regulate rupiah transactions between banks and foreigners have certain rules. Although it is difficult or even not possible for foreigners to lease property in Bali, there are several ways that can be done. Foreigners who have a residence permit have a “hak pakai” property with the help of local residents.
In fact, there are many foreigners who have buildings, in the form of houses or villas. It is undeniable that property in Bali has a great charm and attraction for foreigners. This explains that in reality, it is not difficult for foreigners to own property in Bali. Many possibilities can occur regarding the ownership of foreigners’ property because there is a lot of help from either the agency or the local residents themselves. For this reason, it is ensured that leasing of property in Bali on behalf of foreigners is prohibited unless they take the name of local residents to apply for leasing property in Bali.