hukumonline.com sought Eddy Leks’ opinion on what to understand before purchasing an apartment. His view is posted under article titled, “Konsumen Wajib Tahu Hal Ini Sebelum Beli Apartemen” (Consumer must understand these things before buying an apartment).
He says that under condominium law of 2011, there are 2 stages of development, namely marketing and sale. Before the developer can market its development, it must obtain several conditions such as land usage, land right, control status of condominium, building construction permit (IMB), and the existence of collateral for the construction of condominium from the guarantor. Prior to entering into PPJB the buyer must ensure that the developers must obtain certainties over IMB, infrastructure, and public facilities, such as electricity grids, and water system, and a minimum construction of at least 20 percent.
Eddy Leks holds two master of law’s degrees on Business Law and International Dispute Resolution. He has been recommended by Chambers&Partners, asialaw Profiles, Legal500, IFLR1000 on corporate and mergers acquisition, construction and real estate, and commercial dispute resolution.
Should you have any queries, you may contact us at email@example.com