On March 8, the general office of the Ministry of land and Resources announced that Jiang Daming, Minister of the Ministry of land and resources, responded to the hot social concerns in the "Ministerial channel" of the national two sessions. As for the problem of how to deal with the property right expiration of 70 years, in fact, there is no need to worry too much about the very buyers. The state will definitely issue relevant policies to solve this problem.
What should we do after 70 years' expiration of the right to use residential land?
In response to this question, Li Keqiang said that there is an old saying in China: those with constant property have perseverance. He said that the State Council has asked the relevant departments to respond, that is, they can renew the term without application, without preconditions or affecting the transaction. Jiang Daming, Minister of the Ministry of land and resources, said: we are conducting in-depth investigation and Study on the renewal of the 70 year residential land use right after it expires, and will actively put forward suggestions on relevant legal arrangements. When residents buy houses, their property will be fully protected by law.
Minister Jiang Daming said: at the end of last year, the Ministry of land and resources, the Ministry of Commerce, housing and construction put forward a transitional approach of "two irregularities". First, there is no need to apply for renewal; second, there is no charge; third, normal transaction and registration procedures. After its promulgation, this method has been positively evaluated and generally welcomed by the society. We are in-depth investigation and Research on the renewal of the 70 year residential land use right after its expiration, and will actively put forward suggestions on relevant legal arrangements. Please rest assured that the property of residents will be fully protected by law when they buy houses!
The property law clearly stipulates that the property right of the real estate land will be extended when the term of use expires, and will not be recovered. At present, the policy proportion is not very clear.