Does the property have the right to sell underground parking spaces?

Developers have the right to buy and sell underground parking spaces with property certificates. For parking spaces without property certificates, developers have no right to sell and can only rent them. The contents of the lease contract generally include the name, quantity, purpose, lease term, rent, payment term, etc. of the lease item, and the service term cannot exceed 20 years, and the time beyond that is invalid.

legal ground

Article 703 of the Civil Code of People's Republic of China (PRC)

A lease contract is a contract in which the lessor delivers the lease item to the lessee for use and income, and the lessee pays the rent.

Article 704

The contents of the lease contract generally include terms such as name, quantity, purpose, lease term, rent and its payment term and method, lease maintenance, etc.

Article 705

The lease term shall not exceed twenty years. More than twenty years, the excess part is invalid.

At the expiration of the lease term, the parties may renew the lease contract; However, the agreed lease term shall not exceed twenty years from the date of renewal.