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How many years is the property right of the factory building?
According to Article 12 of China's Provisional Regulations 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: 70 years for residential land; Industrial land for 50 years; The land use period for education, science and technology, culture, health and sports is 50 years; Commercial, tourism and entertainment land for 40 years; 50 years of storage land; Comprehensive or other land use for 50 years.
50 years property right
Strictly speaking, a 50-year-old house with property rights belongs to the situation that the planned land use and development use are not completely consistent in the process of real estate development. It is only one of them to develop residential property with public land with property rights for forty or fifty years. In the real estate market, there are other similar situations, such as the development of office property with industrial land and the development of office property with 70 years of residential land.
The service life depends on different land properties. 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 service life of assignment of land use rights shall be determined according to the following purposes:
(a) residential land for 70 years;
(two) industrial land for 50 years;
(three) education, science and technology, culture, health and sports land for 50 years;
(four) commercial, tourism and entertainment land for 40 years;
(five) comprehensive or other land for 50 years. "
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