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What to do after 70 years of house use right

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What to do after 70 years of house use right


        

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  • 2024-06-18 16:00:58

    After 70 years of house use right:

    1. Pay the land cashier to renew the lease: extend the term of land use right. The land user shall submit an application for renewal to the land management department, and the renewal fee shall be increased by 1% - 10% at that time (i.e. the land use right transfer fee), and the additional fee shall not exceed 5 digits;

    2. If the land is recovered by the state, a sum of compensation will be received: according to the planning needs, if the state recovers the land and buildings on the ground, the owner will be compensated accordingly, and similar demolition and resettlement methods will be used to solve the problem.

    The land in our country belongs to the state, and the house owner is just the renter. In addition, it should be noted that the land use right of the house is not calculated from the time the owner obtains the property right certificate, nor from the time of signing the house purchase contract. According to the regulations, the land use life is calculated from the day when the developer takes the land.

    Legal basis

    Article 359 of the Civil Code of the People's Republic of China [Renewal of the right to use construction land] When the term of the right to use residential construction land expires, it is automatically renewed. The payment or deduction of renewal fees shall be handled in accordance with the provisions of laws and administrative regulations.
    The renewal of the right to use non residential construction land after the expiration of the term shall be handled in accordance with the law. Where there is an agreement on the ownership of houses and other immovables on the land, the agreement shall prevail; In the absence of or unclear agreement, the provisions of laws and administrative regulations shall apply.

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