APHT
Also called: akta pembebanan hak tanggungan
A deed that makes a house collateral for a debt to the bank.
What it means
APHT is the deed of encumbrance of mortgage rights, namely a deed made by an authorized official to make a property collateral for a debt. This deed records who the grantor and grantee of the collateral are, the amount of the debt, and the property object being pledged. After the APHT is made, the mortgage right is registered so that it has legal force against third parties. This document is different from the credit agreement, even though the two are related.
Why it matters for families
APHT determines the extent to which your house is bound as collateral when taking property credit. If the family does not read its contents, they may mistakenly think the house is still free to be sold or pledged again. A misunderstanding of this matter can lead to a dispute at settlement or when wanting to sell the house.
Example
For example, a family takes a home ownership credit and the bank requests an APHT on the house certificate. At the signing, make sure the name, area, and certificate number match the original documents. If there is a data discrepancy, immediately ask for it to be corrected before registration.
Common misunderstanding
Some people think APHT is the same as a house certificate. The correction: a certificate is proof of land rights, while APHT is a deed that encumbers the property as collateral for a debt.