How much does it cost to rent the apartment after 40 years?

The cost of 40-year follow-up rent for an apartment is not a fixed amount, which is influenced by many factors, including the geographical location, area, market value and local government policies.

I. Influencing factors of renewal fee

The cost of renewing an apartment after 40 years' expiration mainly depends on the value of the apartment itself and the relationship between supply and demand in the market. Generally speaking, if the apartment is located in a bustling business district or downtown area, its value is higher and the renewal fee will be correspondingly higher. In addition, factors such as apartment size, decoration status and supporting facilities will also have an impact on the renewal fee.

Second, the renewal process and cost determination

When the apartment needs to be renewed when it expires, the owner usually needs to negotiate with the developer or the property management company to renew the lease. In the process, both parties will negotiate to renew the fee. Generally speaking, the developer or property management company will determine the renewal fee according to the value of the apartment, the market rent level and the company's business strategy. Therefore, the specific renewal fee needs to be determined in the negotiation process.

Third, the payment method of renewal fee

The payment method of renewal fee may also be different due to different regions and apartment types. Generally speaking, the owner can choose to pay the renewal fee in one lump sum or in installments. The specific payment method needs to be agreed with the developer or property management company in the negotiation process.

Fourth, the legal provisions of renewal fee.

In our country, there is no clear legal provision for the cost of apartment renewal when it expires. However, according to the Property Law and other relevant laws and regulations, after the apartment expires, the owner has the right to request renewal of the lease, and the developer or property management company shall not refuse it unreasonably. At the same time, the determination of renewal fee shall follow the principles of fairness, reasonableness and legality, and shall not harm the legitimate rights and interests of the owners.

To sum up:

The cost of 40-year follow-up rent for apartments is a complex issue, which is influenced by many factors and has no fixed standard. When renewing the contract, the owner needs to negotiate with the developer or the property management company to determine the specific renewal fee and payment method. During the negotiation, both parties should follow the principles of fairness, reasonableness and legality to ensure that the legitimate rights and interests of the owners are protected.

Legal basis:

People's Republic of China (PRC) property right law

Article 149 stipulates:

The term of the right to use residential construction land expires and is automatically renewed. After the expiration of the right to use non-residential construction land, the renewal procedures shall be handled according to law. The ownership of houses and other immovable property on the land, if there is an agreement, shall be in accordance with the agreement; If there is no agreement or the agreement is unclear, it shall be handled in accordance with the provisions of laws and administrative regulations.