Is buying a house freehold and what house is freehold?

Updated on society 2024-07-05
2 answers
  1. Anonymous users2024-02-12

    Legal analysisBuying a house now is not a freehold property, but as long as the property is still there, the house will always be the owner's private property. However, there are restrictions on the land use rights of real estate, 70 years for residential land, 40 years for commercial land, and 50 years for comprehensive land. The property right of the house actually refers to the land use right of the property, not the direct property right of the house, so even after the property right expires, the owner can live normally, but the land use right is returned to the state.

    If you still want to continue to use the land, you should pay a certain land transfer fee before you can regain the right to use the land.

    Legal basisArticle 359 of the Civil Code of the People's Republic of China Where the term of the right to use land for residential construction expires, it shall be automatically renewed. The payment or reduction of renewal fees shall be handled in accordance with the provisions of laws and administrative regulations. The renewal of the right to use land for non-residential construction after the expiration of the term shall be handled in accordance with the provisions of law.

    If there is an agreement on the ownership of houses and other immovable property on the land, it shall be in accordance with the agreement; Where there is no agreement or the agreement is not clear, it is to be handled in accordance with the provisions of laws and administrative regulations.

  2. Anonymous users2024-02-11

    Is buying a house permanent? It depends on the place. There are some cities where you buy a house that belongs to you forever, but in Shenzhen, you buy a house

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