Saturday, 27 June 2015
Terms in Properties
Some terms in properties in Indonesia
1. Primary = New House
2. Secondary = Second House
3. Owner = People who own a house
4. Buyer = People who buy houses
5. Broker = property agent
6. PPJB/SPJB = surat pengikatan jual beli (preliminary agreement before buying and selling)
7. SHM = sertifikat hak milik
8. Surat Girik/letter C = The certificate of ownership of the land / building of a district or village heads
9. Co-broking = an agent close a deal with another agent
10. AJB = Akte jual beli, proof of purchase and sale transactions of property made by a notary
11. HGB = hak guna bangunan, meaning that the land is owned by the government and can only be used within a certain time in the range of 20/30/40 years.
12. Hak sewa = Land owned by the government and must pay rent every year
13. NJOP = Nilai jual obyek pajak
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