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How to settle the house demolition when the parents die and the sub-account moves out?
There should be two ways of compensation: monetary compensation and housing replacement compensation. These two compensation and resettlement methods are freely chosen by the demolished. Resettlement compensation standard should not be lower than the market price of similar new real estate around.
Legal basis:
The State Council DecreeNo. 10. Article 590 Article 17 The compensation given to the expropriated person by the people's government at the city or county level that has made the decision on house expropriation includes:
(1) Compensation for the value of the expropriated house;
(two) relocation compensation and temporary resettlement caused by the expropriation of houses;
(3) Compensation for losses caused by expropriation of houses.
The people's governments at the city and county levels shall formulate measures for subsidies and incentives, and give subsidies and incentives to the expropriated people.
Eighteenth expropriation of individual housing, the expropriated person meets the housing security conditions, the municipal and county people's governments shall give priority to housing security. Specific measures shall be formulated by provinces, autonomous regions and municipalities directly under the Central Government.
Nineteenth the compensation for the value of the expropriated house shall not be lower than the market price of the expropriated house similar to real estate on the date of the announcement of the house expropriation decision. The value of the house to be expropriated shall be assessed and determined by a real estate price assessment agency with corresponding qualifications in accordance with the house expropriation assessment method.
Twenty-first expropriated people can choose monetary compensation, but also choose the exchange of housing property rights.
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