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How many years does the property right of commercial housing expire

Commercial houses have property right years. Before buying some houses, real estate consultants say that the property right is 70 years, but when they really get the real estate certificate, the property right is only 30 or 50 years. Why does the property right shrink? When we buy a house, how to distinguish the age of property right? Come and have a look!

Insufficient attention to land age

For some people, they usually only care about factors such as price, location, house type and supporting facilities, while few people care about the service life of the land. The developer also admitted that in the current transaction process of first-hand houses, few buyers raise objections to the land use life of the purchased commercial houses.

Generally, 5 certificates will be provided when the house is sold, which will indicate the service life of the house. Few house watchers and buyers pay attention to the land use life. Even if asked occasionally, the salesperson said that it could be renewed automatically, and most customers would not delve into it. For the issue of property rights, the attitude of most property buyers is' not too concerned ',' not too important compared with the price and location ',' concerned, but really do not know what to do after the expiration '.

Why does the age of new houses' shrink '

It is understood that according to relevant regulations, the land use life of residential land is 70 years, and that of comprehensive land is mostly 50 years. Due to the particularity of the real estate itself, in fact, the real estate sold has more or less problems such as the shrinkage of land use life, which is often due to the long development cycle.

From the time the developer obtains the land use right, the normal process of real estate planning, development and sales generally takes two to three years, and some even drag on for three or four years. Or the buildings with large volume are also developed in multiple phases. When the later stage of the project, the land use life is often 'shrunk' to varying degrees.

If in this process, some funds are not in place, or the relevant certificates are not handled well, or due to market factors, the developer intends not to sell the house temporarily, the cycle will continue to be extended. If some buildings were developed around 2000, it has been 15 years, and the project is still not developed. There are many buildings in the new town. Because the land has changed hands several times, it has entered the real estate development period, and the land use authority is only more than 30 years left.

What if the property right expires?

1. Extension of the term of land use right

The owners can jointly propose to pay the land transfer fee, which should be lower than the price of similar land transfer fees, similar to the difference between the cost price and the market price.

2. According to the planning needs, if the state recovers the land and above ground buildings, it shall compensate the owners and solve them by means similar to demolition and resettlement.

Whether 40 years, 50 years or 70 years, there is a time when the land use term expires. As long as the house can live, the land must be renewed. According to the current relevant provisions of the state, after the land expires, it shall be paid in a certain proportion according to the current floor gross land guidance price. Therefore, it is necessary to pay due attention to the service life of land when buying a house.