Legal Study of Property Ownership Rights for Foreign Citizens
DOI:
https://doi.org/10.59890/z254gp14Keywords:
Property Ownership Rights for ForeignersAbstract
As the times develop when facing global conditions, property business opportunities will become increasingly open. This will create the presence of foreign investors investing in the country and this will provide benefits and profits for the Indonesian economy because it has an attraction for business people. foreigners to invest. The existence of land location objects is no longer limited to residential use, but as business actors, land is also a large asset as capital for business and can be used as collateral to the Land Bank, not only as a place to live, but also as a place to do business and can also be used as collateral to bank as business capital for all forms of business carried out. Using qualitative methods by taking a descriptive approach. Using the literature several rules related to the research. The problem of the legality of property ownership for foreign citizens. Regulation No. 41 of 1996 provides an understanding that is not the same as residence in general because a house is provided specifically for foreign citizens on a periodic and certain temporary basis only. And the use rights granted have a maximum period of 10 years for the land itself. The importance of the use of land for individuals or legal entities requires a guarantee of legal certainty over that land. Land objects are part of the earth as stated in Article 4 paragraph 1 of the UUPA: Based on the right to control by the State as the basis as stated in Article 2 with the provision that there are various kinds of rights on the surface of the earth, what is meant by land can be given to and owned by anyone, either individually or jointly with other people or in the form of a legal entity
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