everyone's purchase of a house will involve the problem of what to do after the property right expires in 70 years or after the property right expires in 50 years. For Chinese people, they may only buy one house after a lifetime of hard work. Will the house be confiscated after the property right expires in 70 years?
What to do after the property right expires in 70 years
I believe that before you buy a house, buyers will carry out a series of investigations, focusing on the qualification of developers and the property rights of houses. You should know that the so-called 70 years of commercial housing property right is not the years of housing ownership, but the years of use of the state-owned land where your house is located.
1. The term (including the later land use term) will be indicated on the real estate certificate.
2. If the 70 year service life expires, and if the house is still there, only the land tax will be paid. Although the age of the land is up, the house belongs to you.
3. If the house is to be demolished, the government will redistribute it to you, and the service life will be calculated according to the new method.
70 years refers to the service life of the state-owned land of the plot, not the housing ownership.
According to the state, the land for urban construction is owned by the state, and individuals and enterprises can use it with compensation and trade the right to use it.
The land use term of residential land is 70 years, starting from the date of acquisition of the plot.
As long as the purchased real estate has the legal property right certificate, that is, the personal private property, as long as the real estate exists, the individual has the ownership of the real estate.
Article 21 of the urban real estate management law stipulates that: if the land user needs to continue to use the land after the expiration of the term stipulated in the contract for the assignment of the right to the use of the land, he shall apply for renewal no later than one year before the expiration, and approval shall be given, except for the land that needs to be recovered according to the social and public interests. In case of renewal, the land use right transfer contract shall be signed again, and the land use right transfer fee shall be paid in accordance with the provisions. Such a provision indicates that the user can continue to apply for the use of the land when the term of use expires.
Above said about the house 70 years after the property right expires how to do, the following to understand the next property right 70 years after the house belongs to who.
After 70 years of purchasing the real estate, the private can pay the land transfer fee to the state and continue to use the land, as long as the land transfer fee is paid.
70 years is calculated from the land use right certificate obtained by the developer. But the house property right has no time limit, although the land use right expires, the building is on the land, still belongs to the citizen's property. The state can recover the right to use the land, but the owner must compensate for the ownership of the building, which is not obtained free of charge.