I want to buy a shop in the newly-built big shopping mall, 20 square meters. What does the right to use for 40 years after purchase mean?

The 40-year use right of the purchased shop means that the land use right has a service life of 40 years, which can be renewed after the service life expires. Land, including buildings on unrenovated land, belongs to the state.

According to Article 12 of the Provisional Regulations of the People's Republic of China on Assignment and Transfer of Urban State-owned Land Use Rights, the maximum assignment period of land use rights is determined according to the following purposes:

(a) residential land for seventy years;

(two) fifty years of industrial land;

(three) fifty years of land for education, science and technology, culture, health and sports;

(four) forty years of commercial, tourism and entertainment land;

(five) comprehensive or other land for fifty years.

Extended data:

According to Article 39 of the Provisional Regulations of the People's Republic of China on the Assignment and Transfer of Urban State-owned Land Use Right, the land use right is terminated due to the expiration of the service life stipulated in the land use right assignment contract, early recovery and land loss.

Article 40 Upon the expiration of the land use right, the land use right and the ownership of buildings and other attachments on the ground shall be obtained by the state free of charge. Land users shall, in accordance with the provisions, return the land use certificate and go through the cancellation of registration.

Forty-first land use rights expire, land users can apply for renewal. If it is necessary to renew the contract, the contract shall be re-signed in accordance with the provisions of Chapter II of these Regulations, and the land use right transfer fee shall be paid and registered.

Yingjiang County Natural Resources Bureau-Provisional Regulations of the People's Republic of China on Assignment and Transfer of Urban State-owned Land Use Rights