Before answering this question, we first need to clarify a concept, that is, the real estate certificate and the term of the property are two different concepts, and they are not the same as the permanent property rights.
The real estate certificate refers to the certificate held by the real estate owner to prove that he or she has the ownership or other real rights of the house in the process of buying and selling the house. The immovable property certificate is an important means for the state to protect the rights and interests of immovable property in accordance with the law, and it is also the preliminary confirmation of the immovable property rights by the immovable property registration authority.
The term of property rights refers to the term of land use rights and house ownership. According to the laws of China, the maximum term of land use right transfer is 70 years, and the term of house ownership is permanent. However, it is important to note that this perpetual refers to the ownership of the house, not the ownership of the land.
Based on the above explanation, we can see that the real estate certificate and the term of the property right are two different concepts. Holding a real estate deed does not mean that the title to the house is permanent, but it is a document that proves that you have ownership or other property rights to the property. According to the law, the term of house ownership is permanent, but the maximum term of land use right is 70 years.
So, what happens if the land use right expires?According to the provisions of China's Land Management Law, after the expiration of the land use right, the land use right holder may apply to the land management department for renewal. If the renewal application is approved, the land use right can be extended for a certain number of years. If the renewal application is not approved, the land use right will be repossessed and compensation will be given.
For home buyers, how to protect their rights and interests is very important. First of all, buyers should carefully check the real estate title certificate and land use certificate when buying a house to ensure that their rights and interests are protected. Secondly, buyers should pay attention to the terms in the contract when signing the purchase contract, especially the agreement on the term of property rights, to ensure that their rights and interests are protected. Finally, homebuyers can also increase their protection by purchasing home insurance, for example.
To sum up, a real estate deed is not the same as a freehold title, but a document proving the ownership of a home. The term of property right refers to the term of land use right and house ownership, the term of house ownership is permanent, but the maximum term of land use right is 70 years. Buyers should carefully check the real estate title certificate and land use certificate when buying a house, and pay attention to the terms and conditions in the contract to protect their rights and interests.