Due diligence is a meticulous evaluation of an asset prior to purchase. It is crucial for significant investments, including land, buildings, properties, companies, or even ships. This assessment is presented in a detailed report tailored to the buyer’s interests and the specifics of the investment.
Land and Property Due Diligence
Why is Land and Property Due Diligence Necessary?
Purchasing land or property without proper due diligence can result in unexpected expenses, legal conflicts, and limitations on property use. Many buyers hastily complete transactions only to encounter hidden issues later. Problems like unpaid taxes, zoning restrictions, or third-party claims can significantly impact the cost and feasibility of your investment.
Land and property due diligence mitigates these risks by thoroughly analyzing the asset’s legal status, tax obligations, and zoning regulations before purchase. This process ensures your investment is secure, providing clarity and confidence while avoiding unpleasant surprises.
Scope and Depth of Land and Property Due Diligence
Standard due diligence services typically involve verifying land and property clearance with the Indonesian Land Agency (BPN), confirming zoning compliance with the Ministry of Public Works and Housing (PUPR), and ensuring tax obligations are met with the Regional Revenue Agency (Bapenda).
However, these basic checks often overlook critical aspects like historical claims or potential disputes with business competitors. At Bali Business Consulting, we go beyond the standard approach by investigating these essential details.
Our comprehensive land and property due diligence report delivers a complete overview of the asset, safeguarding you from future risks and providing peace of mind.
How Does It Work?
Step 1: The process begins when the prospective buyer requests key information, and the seller agrees to provide the necessary property details. Typically, both parties sign a Preliminary Leasehold or Purchase Agreement, along with a deposit to secure the land or property.
Step 2: Bali Business Consulting is granted power of attorney to conduct a thorough investigation, usually completed within 3 to 4 weeks. This includes reviewing all legal documentation, performing a site inspection, and examining zoning regulations and tax obligations. Our legal experts visit the regional land office in person to verify compliance with local regulations and ensure there are no unforeseen issues.
Step 3: Once the investigation is complete, Bali Business Consulting delivers a detailed due diligence report. This includes a comprehensive evaluation of the property’s legal, tax, and zoning status, along with expert recommendations.
After thoroughly reviewing and analyzing the documents, we make necessary corrections and provide actionable advice. The final report is delivered as a PDF, ready for your review.
OUR SERVICE & PRICE
Individual Client
- Cost: start from IDR 15,000,000++
- Processing time: 5-10 business days
Corporate Client
- Cost: based on negotiation
- Processing time: 5-10 business days
Secure Your Investment with Confidence
Protect your property investment by entrusting Bali Business Consulting’s experienced legal team with your land and property due diligence. Our expertise minimizes costly errors and ensures a secure, risk-free transaction. Contact us today for a comprehensive assessment and make your purchase with confidence.
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