Financial Administration General P3SRS is responsible for the financial administration of condominium management after the Developer delivers the management to P3SRS which consists of management cost and other legitimate businesses. Management Cost The amount of...
Membership and Organization Membership Only the Owner or Tenant may obtain proxy from the Owner of the condominium unit who can become a member. However, please note that the Owner who is not the tenant of condominium unit cannot occupy positions in the management...
Formation of P3SRS General The formation of P3SRS is organized by the Committee facilitated by the Developer in the form of required accommodation and facilities. The objectives of the establishment of the P3SRS are to determine: (i) the formation of an organizational...
Background On 5 December 2018, Governor of DKI Jakarta has issued a Regulation of Governor Number 132 of 2018 on the Encouragement of the Management of Owned Condominium (“Condo Reg”). This Regulation is aimed to manage the management of Owned Condominium so that they...
Association of Owner And Tenant of Condominium Unit (P3SRS) from Leks&Co Establishment of P3SRS The establishment of P3SRS must be facilitated by the developers no later than the end of transition period. The transition period is at the latest 1 year from the...
Background On 24 August 2018, Governor of DKI Jakarta issued a Circular Letter No. 24/prt.m/2018, concerning the Optimization of Encouragement on the Management of Owned Condominium (“SE No. 16/2018”). SE No. 16/2018 was issued to create a comfortable, safe,...
Background At the beginning of 2018, precisely on January 8, the Government of Republic Indonesia has enacted new regulation related to Condominium. That regulation is Minister Regulation of Public Works and Housing No. 01/ PRT/M/2018 on Development and Management...
Under the Law No. 20 Year 2011 (“Condomonium Law”), the management of condomonium includes operational, maintenance and treatment of joint equipment, joint facility, and joint land. The maintenance activity is defined as an activity to maintain the reliability of the...
As Indonesian government action to provide opportunity for foreigner to own residence in Indonesia, the Government has enacted Government Regulation Number 103 of 2015 on House or Residence Ownership by Foreigner Domiciled in Indonesia (“PP No. 103/2015”) and its...