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The terms of leasing land in Bali are agreed between the land owner and the individual or party interested in leasing the property. A typical lease will last from 25-30 years, however, some leases are as short as 20 years, while others can be longer than 40 years. The figures refer to the initial lease.
The lease contract will normally permit the leaseholder to extend the lease for a similar period to the initial lease, however, the price will reflect the updated market value of the land at the time of the renewal.