The following are type of security rights available under
Indonesian laws:
1. Hak Tanggungan (HT)
HT is the nearest equivalent to a "mortgage" as
understood in other jurisdictions. Assets that can be secured by HT
are rights on land and assets which form an inseparable part of the
land (such as buildings, machineries, fixtures, and plants attached
to the land).
Rights on land that can be secured by HT include right of
ownership (hak milik), right to manage (hak guna
usaha), right to build (hak guna bangunan) and
certain right to use (hak pakai). Currently HT can also
secure ownership over apartment/office space units (strata
titles).
HT must be made in a deed of granting HT drawn up by a land deed
official (Pejabat Pembuat Akta Tanah – PPAT) in
Indonesian language having jurisdiction where the land/apartment is
located. HT is effective upon its registration with the relevant
Land Offices having jurisdiction where the land/apartment is
located. It is possible
