hak sewa

the Indonesian lease right — the legal category under which cyber-valley leaseholds sit. a hak sewa is a contract to use land or a building for an agreed term against payment; it is a right, not a title, and it never moves ownership.

for a foreign resident it is the cleanest way to hold cyber valley land: no citizenship requirement, no company needed, a notarized deed from PT PMA with extension pre-agreed on the century index — the renewal cost fixed by the index, not renegotiated at market. the estate's other instruments register ownership at the land office (hak pakai for foreigners on a completed structure, hak milik freehold for citizens); hak sewa stays a contract with the estate.

two payment forms, one right:

• leasehold upfront (A) — the whole term paid at signing
• annual leasehold (B) — a premium at signing, the rest as rent in century index quantities for the term, reset yearly within the collar, paid monthly. no fee, no interest

both inherit the zoning code as a covenant, and both carry the right to sublet.

subletting the land

the lease carries the right to sublet the land itself, not only a building on it. because a hak sewa runs 25 years, the holder can re-let their parcel-time at any horizon — an hour, a day, a week, a month, a season. this runs on the cyberia marketplace protocol: the parcel is exposed as time-horizoned claims that an agent discovers, prices, and books through the API. quotes may appear in any unit; settlement inside Indonesia is in IDR at JISDOR on the invoice date. the owner lists supply; agents on the demand side clear it.

the estate's cut is thin by design. the owner already paid for the land right (A upfront, B on a schedule); on a bare-land sublet the estate adds no capex and no management — only the rails (discovery, the price-clearing oracle, escrow, a verifiable on-chain claim), physical access through the commons gate, and permission under the zoning code. so the capture is not a management commission but two thin layers:

• the standard area revenue tax — 10% of the sublet income, or 5% in a district that is a net exporter of energy, water, and food
• a small marketplace settlement fee (~1–3%) for the protocol rails

all-in ≈ 11–13% (≈ 6–8% in self-sufficient districts) — far below a managed-accommodation commission, because for bare land the estate supplies rails and permission, not operations.

why thin is optimal: bare-land use is hard to police, so evasion is cheap and over-taxing just pushes deals off-platform. the estate wins by being the rails — agent demand, instant settlement, gate access, a claim the sublessee can verify — so staying on-platform is the path of least resistance, and it takes a small cut on high volume. the destination premium the estate creates is already captured twice — in the land price (the wave curve) and in the area tax — so a third hospitality-style commission would triple-count. horizon and use are gated by zoning (a day-market and a month-long camp are different permitted uses); within a permitted use the land-time clears freely.