When some developers promote their own property-style hotel listings, they tell buyers that they can obtain independent property rights. Then, if the relevant government departments do not allow developers to split and sell the commercial houses that were originally approved to be designed as large spaces without authorization, then individual hotel rooms will not be able to apply for "small property rights certificates" (that is, consumers will not be able to obtain independent property rights). So consumers will inevitably have certain legal risks after buying a house.

Risk 2

Unable to obtain the "small property right certificate", the developer may turn to "sell" the "lease right" of the property hotel, and the hotel can still be declared as a property hotel. Legally, the right to rent a house and the right to own a house are two different concepts. Housing lease right belongs to the category of creditor's rights and is a kind of relative right. Tenants (that is, consumers and investors) must cooperate with lessors (developers, etc.). ) to exercise their right to rent a house. Moreover, the rights of the investor are only relative, and the exercise of rights cannot be absolute. For example, if the lessee wants to sublet, he must obtain the consent of the lessor. According to relevant laws, the term of a general lease contract shall not exceed 20 years.

Risk 3

Even if developers can provide "small property rights certificates" for investors, the nature of property hotels also determines the dependence and fuzziness of property rights. First, functionally speaking, the property hotel is a business entity with comprehensive service functions, including catering, entertainment and other supporting facilities. Without these supporting facilities, the independent use of the room is of little value. Second, the ownership attribute of the supporting facilities and use parts of the property right hotel is not clear. After the room is sold, who owns the hotel facilities, the investor or the developer? Its property right is ambiguous in law.

Risk 4

Due to the fuzziness of property rights of property-based hotels, investors have a certain degree of dependence on developers and hotel management companies. Hotel management companies that investors are dissatisfied with management are difficult to replace. If investors insist on canceling the lease relationship with hotel management companies, the management of property-based hotels will often fall into the "underground" operation of developers and hotel management companies.

Risk five

It is precisely because of the dependence of property rights on property rights hotels that it will be difficult for consumers to transfer personal hotel rooms purchased in the market if the hotels are not well managed. Because the hotel must operate as a whole, it is difficult for a single room to generate the same income. In this way, it is difficult for investors to get away with their investment, and their expected "high return" depends largely on the management of the hotel.