leasehold upfront

a 25-year hak sewa — the Indonesian lease right — on cyber valley land, paid in full at signing. instrument A of the strategy.

the resident's instrument: one payment, a notarized hak sewa from PT PMA with extension of right priced on the century index — quantities qᵢ and the floor are fixed at signing, the invoice moves with the basket — and the plot is yours to build. it is a lease right, not a title: it is not registered at BPN and does not appear on the certificate. hak pakai (D) and hak milik (E) are the registered channels.

what the lease carries:

• notarial 25y term (or the remaining title less 12 months, if shorter) + extension of right on the century index, notarial deed from PT PMA
• the right to sublet the land at any horizon — day to season — via the cyberia marketplace API for agents, against the area tax (10%, or 5% self-sufficient) plus a thin settlement fee, not a management cut — see hak sewa
• the zoning code as a covenant: footprint caps, species density, pollution policies
• build obligation on Wave 1 — anti-landbanking: start within 12 months, finish within 36; overrun runs a rising holding charge, then a buy-back offer at formula price, and reversion only after the buy-back is declined — template Part 9

pay a premium below 100% and the remainder is rent in century index quantities for the term, paid monthly — that is the annual leasehold, the only other form.