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Can I transfer the parking space?
Legal basis: Article 5 of People's Republic of China (PRC) Civil Air Defense Law. Civil air defense projects are usually used and managed by investors, and the proceeds are owned by investors. The developer's investment has been automatically transferred to all owners with the transfer of land use rights, so the proceeds from the garage reconstruction of civil air defense projects belong to all owners.
Article 705 of the Civil Code of People's Republic of China (PRC) (202 1. 1 comes into effect) shall not be leased for more than 20 years. More than twenty years, the excess is invalid. The longest period for consumers to rent parking spaces, that is, the so-called sales right, is only 20 years, and after 20 years, it is not protected by law.
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