Understand KPR Trustee Guarantee
In the business and real estate buying and selling world, assets are often confiscated. The reason is that the parties concerned cannot repay the debt. Such cases are legal because the bank or financial institution that provides the loan seeks a guarantee from the borrower. This guarantee is known as the trustee.
Trustee safety plays an important role when you apply for a mortgage. So what is the function of KPR and the trustee system? See the Kania description below for more information.
What is a trustee?
Fiducia is a term derived from the Romance languages that mean belief. The term is also derived from the Dutch phrase. Fiduciare Eigendom Overdracht This means the transfer of property rights based on trust.
Basically, the trustee guarantee is provided by the borrower to the lender. The format of the object used as collateral must be the borrower's name. The object belongs to the borrower and is free to use, even if it is pledged as collateral.
This guarantee practice is legal. In Indonesia itself, trustee guarantees are regulated and protected by Law No. 42 of 1999. In this case, the lender, the trustee, will get the priority position.
KPR Trustee Guarantee Object
Objects used as trustee collateral usually have about the same value as a nominal loan. Now, regarding the application for home credit (KPR), the object used as a trustee guarantee is the house itself.
Importance of Trustee Guarantee
Trustee security plays an important role when applying for KPR, as it can provide security to both lenders and borrowers. Both parties cannot arbitrarily ignore their obligations.
From the side of the lender or KPR provider bank, they make regular monthly installments. This is because their property is guaranteed and can be confiscated if you fail to pay in installments. The lender does not have to worry if the borrower escapes his obligations at any time.
On the other hand, the borrower does not have to worry about the guaranteed property being taken away if the installment payment is delayed for several months. For example, buy a mortgage system and a new home with an IDR of 900,000,000 over a 10 year period. For seven years you have always paid in installments. However, in the months that followed, payments were delayed for several reasons.
Will my house be confiscated immediately by the bank and will my installments for the last 7 years be confiscated? Of course, not thanks to the trustee guarantee! To seize a home, the lender must first process the guarantee to the court. Based on some considerations, the house can be confiscated after the court has issued an execution.
Rights and obligations
As a borrower or trustee, there are some rights and obligations you need to know. Their rights are covered by a warranty that does not change ownership and are entitled to a copy of the trustee certificate and other documents.
On the other hand, the obligation is not to lend, rent, change usage, or transfer power to another party. In addition, the trustee is obliged to pay the debt in accordance with the agreement, properly maintain the collateral coverage and pay the taxes associated with that coverage. The borrower must also remember to submit a collateral object to the trustee or lender if the repayment of the agreement entered into with the debt fails.
Trustee registration
Registration for this warranty can be done at the trustee registration office. Registration is done by the warranty recipient. The required documents are as follows.
- Identity of donor and recipient
- Date, guarantee number, address name and location of the notary who created the trustee warranty certificate
- Guaranteed Principle Agreement Data
- Description of collateral object
- Guaranteed value
- The value of the subject covered by the warranty
In conclusion, trustee security is important when applying for KPR. Borrowers and lenders also have the legal authority to protect their property and rights. We hope this article will help you with your insights when you want to buy a new property or home.
Don't forget to read other interesting information articles about Decorma! Apart from the article, Dekoruma also offers real estate buying and selling services through Dekoruma House. You can find different types of properties, such as houses and apartments in different areas of Jabodetabek. Some of them are homes for sale in BSD, new homes in Bekasi, and apartments for sale in West Jakarta.
Not only that, there are also comfortable and well-equipped housing options in strategic locations such as Clover Hill Residences. Located in West Jakarta, this home is a luxury luxury home that creates an atmosphere. A modern home for upper class life.. Clover Hill Residence is also based on the concept of a beautiful green environment to make residents more comfortable and lead a quality life.
What are you waiting for Now that the house is where a beautiful life begins, let's make your dream home a reality with Decorma!
Source : http://i0.wp.com/www.dekoruma.com/artikel/122216/jaminan-fidusia-dalam-kpr
Read More..
paper-pedia.blogspot.comliegedomain.blogspot.com
academicjournaldatabase.blogspot.com