Many friends who buy ordinary commercial housing will find that we will indicate the words 70 years of property right on the real estate certificate. So what exactly does this 70-year property right mean?
In fact, this is derived from the provisions of the "Interim Regulations of the People's Republic of China on the Assignment and Transfer of Urban State-owned Land Use Rights" promulgated and implemented on May 19, 1990. The Regulations clearly stipulate the maximum term for the transfer of land use rights, which shall be determined according to different uses.
Among them, the maximum land use right for residential use is 70 years, and the land use right for other uses is 40 to 50 years. Moreover, it is clearly stated that the commercial housing we buy is only the land use right and house ownership. The ownership of the land is vested in the state. Therefore, the land use right of commercial housing is 70 years, which is the meaning of 70 years of property rights on the real estate certificate.
So some people ask, what will happen if the 70-year property right expires?On the issue of 70-year property rights, there are different opinions on the Internet, and some people say that we need to pay the land transfer fee again after expiration;Some also said that there was a need to re-evaluate** and re-sign the contract;There are even people who say that they want to return it to the developer, or even take it back directly.
These are not to be believed at all, so how to deal with them?Now there is finally an answer.
Some time ago, there were several earliest commercial housing communities in Shanghai that reached the expiration condition of 70-year property rights. For example, Pengpu New Village, built in 1958, and Caoyang New Village, built in 1951, have exceeded 70 years of property rights. For this reason, the official also made it clear that after the expiration of the land use right of the house, it will be automatically renewed.
The ownership of the land belongs to the state, but the ownership of the house belongs to the owner in perpetuity. But the house has experienced 70 years of ups and downs, the exterior and interior are outdated, the living function can not keep up, the building structure is not so stable, there are certain safety hazards, in order to solve the safety problem, Shanghai ** for several expired old communities put forward two plans:
The first option is to repair, renovate, and remodel. That is to say, if the safety of the community is relatively stable, and there is no need to carry out demolition and reconstruction, then it will be renovated and renovated to improve the safety and comfort of living
The second option is to use in-situ demolition and in-situ reconstruction for those old communities that are not safe enough, or too badly damaged. This can not only meet the needs of urban development and planning, but also solve the safety hazards of the old community, improve the environment of the community, and improve the value of the house and the quality of life.
And the most important thing is that whether it is renovation or in-situ reconstruction, the owner does not need to pay any fees such as land transfer fees or handling fees, and there is no problem of re-signing the contract as mentioned by netizens, only we need to go to the relevant departments to update the real estate certificate.
After the expiration of the 70-year property right of this house, we do not need to panic at all, and the land use right will be automatically renewed. Again, the ownership of land belongs to the state, but the ownership of the house always belongs to the owner.