When buying a house, most people will pay attention to one question, that is, how many years the property right of the house is, and how many years the property right is. Most people will probably ignore this when buying a house. Maybe the real house is only 70 years old and the apartment is 40 years old. So how long is the property right of the house now?

What is the property right of the house now?

1. Ordinary residence, the land declaration belongs to ordinary residential land, and the land use right is 70 years;

2. Commercial houses, shopping malls, entertainment, restaurants, apartments and other buildings belong to commercial land when applying for approval, and the land use right is 40 years;

3. Comprehensive residence; Comprehensive industrial land and residential apartments belong to comprehensive land when applying for approval, and the land use right is 50 years.

What should I do after the property right expires?

According to the property law, after the expiration of the right to use the house, there are different provisions according to the nature of land use:

1, the 70-year use right of ordinary residential land will be automatically renewed upon expiration; However, the specific amount of the transfer fee is not clearly defined.

2. After the expiration of the right to use commercial land and comprehensive land, it is necessary to go to the land management department for renewal and pay the corresponding land transfer fee.

Renewal method of property right of expired house

1. It is clearly stipulated in the Property Law that if the land use right expires and the house is located due to public interests, it will not be renewed, and the property owner will be given appropriate compensation for the ground building.

2. It can also be jointly applied by the owners of the whole building. For the price of land leasing, we need to look at the land price of the land use right period and calculate the difference.

3. If the land use right fails to apply for renewal or not, the state shall recover the land use right free of charge in accordance with relevant regulations.

When buying a house, ask the developer the specific time. For some reasons, developers failed to build in time or by stages, and even serious land changed hands several times. Sometimes the property right of the house is obviously 70 years, but it has been used for more than ten years or even longer when it was acquired.

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