Legal information

Can property rights be extended after 70 years?
1. The land use right for residential construction is valid for 70 years and will be automatically renewed upon expiration.
2. Pay or reduce renewal fees in accordance with relevant laws.

The property rights period of real estate refers to the land or house. In fact, the property rights period of a house is the land use period. The house itself is an individual's private property and should enjoy permanent ownership and use rights. However, the land where the property is located is state-owned, and the owner can only have the right to use it, and the use period is limited, generally more than 70 years, and commercial land is 40 years.

If the property rights period of the house has expired, it must be renewed according to the prescribed period. The specific processing methods are as follows:
1. If necessary, land users should submit an application for renewal to the land management department based on social and public interests. If the right to renew is approved, the land user shall re-sign the land use contract and pay the land use fee.

In this way, your property ownership will be continued. The exception is of course if the property is converted into a dilapidated house.
2. If the land user fails to apply for renewal, the state will take back the land use rights free of charge and the ownership of the real estate on the land will naturally disappear.
3. If the land user fails to approve the renewal in accordance with the law (that is, to take back the land use rights according to the requirements of social and public interests), the state will take back the land use rights free of charge, but for the above-ground properties, appropriate compensation will be given based on the residual value when the land is taken back.

The legal knowledge in this article does not represent legal advice. If you encounter similar problems, you should analyze them in detail. If you want to know more about this, you can contact the relevant lawyers in Beijing Yingting for one-on-one consultation.