The Law Office of I Putu Agus Putra Sumardana, SH & Partners saw an opportunity for collaboration in the property business sector in Bali, so that the Law Office of I Putu Agus Putra Sumardana, SH & Partners also created a business in the property sector which had been initiated since 2015, namely “Bali Heaven Property” together with the Legal team (Lawyers and legal staff) and the experienced Marketing team, have helped a lot with business and legal issues as well as business licensing aspects for clients operating in the property sector.
Bali Surga Property was built as a family and partnership offering cooperation agreements related to property investment, which includes land and buildings which are generally located in Canggu, Kuta Badung, Sanur, Ubud, Jimbaran and Nusa Dua, because these areas are predicted to continue to experience an increase in property values due to demand. consumers are very high in the area. We and the client will later make a profit sharing agreement, where the client fully finances the purchase of land and development of the property. Our team recommends the location of the land to the Client and we and the team will act as supervisors of the building project, as well as to maintain the property, with all related costs borne by the Client. The points of the profit sharing agreement are as follows:
- Our team will provide all necessary documents and certificates regarding the property, the Client provides the maintenance costs requested by our Team. The Client will receive the full amount of the client’s investment after the sale.
- If a loss occurs, the loss will be shared equally between both parties, both our team and the client.
- Profit Sharing: If there is a profit after the sale of property or rental of property, the profit will be divided fairly between Our Team and the Client, each receiving 50% of the net profit.
- Net profit is the transaction value (sale of property or rental of property) after deducting investment capital, notary service fees and taxes.
- Duration of Agreement: This agreement will begin on the date it is signed by both parties and will remain in effect until the property is successfully transacted (property sale or property rental) and all profits have been distributed in accordance with this agreement.
- Dispute Resolution: If a dispute arises arising from or in connection with this agreement, the parties will prioritize resolving the dispute through mutual discussion and negotiation. If the dispute cannot be resolved through joint discussion within 60 days, the parties agree to resolve the dispute through mediation. If mediation fails, the parties can then seek resolution through a competent court.
- This agreement was made and signed by both parties with full awareness and without coercion from any party. This agreement is made to be obeyed and implemented by both parties.
