What does a condominium mean? What are the risks of buying affordable housing?

Now many friends will look at many projects when they buy a house. In fact, if you look more, you will find that there are not only ordinary commercial houses in the real estate market, but also many types of houses. The most striking is the property apartment and affordable housing, both of which are relatively low in price. So, what does the property apartment mean? What are the risks of purchasing affordable housing?

What do you mean by property apartment?

Property apartment is a form of commercial real estate. Property apartment is imported, which is usually more economical and practical for single-family villas. Apartments in early big cities were high-rise buildings, and each floor had several single-family suites, including bedroom, living room, living room, bathroom, kitchen and so on. At that time, it was mainly used by middle-income senior staff and government civil servants, and some of them were rented out in hotels for a short time by some frequent Chinese and foreign businessmen and their families.

What are the risks of purchasing affordable housing?

1. An excuse to buy affordable housing.

That is, the actual purchaser does not have the qualification to purchase a house, and purchases a house in the name of someone else who meets the purchase conditions. This kind of purchase behavior will be considered as an infringement of the equal rights of urban low-income families with housing difficulties to purchase and obtain houses, an illegal possession of social public resources, a loss of national land and real estate taxes and fees, and a damage to the public interests, thus constituting an invalid sales contract.

2. The transaction time is less than 5 years.

Article 33 of the Measures for the Administration of Affordable Housing stipulates that buyers of affordable housing enjoy limited property rights. The purchase of affordable housing for less than 5 years, shall not be directly listed and traded. If the purchaser needs to transfer affordable housing for special reasons, the government can buy it back in accordance with the regulations.

Therefore, if the buyer of affordable housing sells the house to others after obtaining the deed tax payment certificate and the house ownership certificate for less than five years, the corresponding sales contract will generally be considered as a violation of the policy that the purchased affordable housing cannot be directly listed and traded for less than five years.

3. It is impossible to handle the transfer registration.

Property buyers who have obtained deed tax payment certificate and house ownership certificate for five years can pay the land revenue and other prices to the government in accordance with government standards and obtain full property rights. At this time, if the purchaser transfers the affordable housing, the government housing security management department can give priority to the purchase, which is mandatory.

If the government housing security management department does not give up the repurchase, the purchaser has no right to transfer the house privately, otherwise it will not be able to register the transfer to others. If the government housing security management department gives up the repurchase and issues a written opinion agreeing to the listing for sale, the purchaser may list his house for sale at the market price.

The article is about the meaning of property apartment and the related interpretation of the risk of buying affordable housing, hoping to bring help to everyone. It can be seen that the apartment with property right belongs to commercial real estate, not residential, so its disadvantages must be considered clearly before buying this type of apartment.