KOMPAS.com -understanding and application of the provisions regarding ownership of property by foreigners is misguided. The Government assessed the most guilty in causing the pros and cons of rights for foreign residents inhabit and possess property in Indonesia.
Based on Government Regulation No. 41 in 1996 about the possession of the Residence or the right of Residence for foreigners based in Indonesia, property ownership for foreigners assigned status of land usage rights with a term of 25 years, may be extended by 20 years, and renewal of rights 25 years.
Property law experts, Erwin Kallo, in Jakarta, Friday (15/2/2013), posited, the terms of usage rights for foreign owned property as long as it is just right. Property ownership for foreigners with the status of land usage rights have the force of law and can be diagunkan. The issue is, the power of the law of property usage rights as long as it is not socialized so as if usage rights was not worthy of credit (bankable) and not worth (marketable) market.
"An understanding of the properties of a usage rights for these misguided. The Status property usage rights are considered and stepson are lower in degree than the building use rights. The task of the Government to menyosialisasikan that it's decent usage rights banks and acceptable market so there is no longer the pros and cons, "he said.
He added, the Government is not consistent in the implementation rules of usage rights. During this time, the extension of the foreign property usage rights from 25 years old to be increased by 40 years and can be renewed for 25 years is not given automatically.
Earlier, in an open Debate: Pros Cons Property property ownership for foreign nationals, in Jakarta, a legal expert from the Agrarian University of Gadjah Mada, Maria S.W. Sumardjono, argued a similar case. Foreign property ownership rules already exist, but not implemented. The certificate property usage rights recognized State so there should be no reason to doubt the certificate for banking privileges as a credit collateral. (LKT)
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