Ministerial Regulation No. 4/2025 replaces the previous Regulation No. 14/2021, introducing major changes to apartment ownership and management. It eliminates the “one owner, one vote” rule, simplifies PPPSRS establishment procedures, and comprehensively regulates aspects previously unaddressed.
Background Levy on the Acquisition of Land and Building Rights (the “BPHTB”) is a levy which is imposed to the individual or entity for any acquisition of right over land and/or building. Generally speaking, the BPHTB was originally regulated under Law Number 21 of...
The sale and purchase provision is stipulated under Article 1457 Civil Code. It is defined as an agreement by which one party is bound to deliver a certain matter, for which the other party shall pay an agreed price. In a book that was written by Djaja S. Meliala,...