If you buy a parking space, the contract says it will take 20 years. Will it be renewed automatically when it expires? Is there such a new rule? Please ask a friend with relevant knowledge to help ans

If you buy a parking space, the contract says it will take 20 years. Will it be renewed automatically when it expires? Is there such a new rule? Please ask a friend with relevant knowledge to help answer. Article 74 of the Property Law stipulates that parking spaces and garages planned for parking cars within a building division should first meet the needs of owners. Within the building division, the ownership of parking spaces and garages planned for parking cars shall be agreed upon by the parties through sale, gift or lease.

According to what you said, the contract provided by the developer is "right to use" rather than "ownership". Therefore, I remind you that after buying a parking space, it depends on whether there is a property right certificate, or you can change the terms of the contract to increase your requirements.