Can loft apartment automatically renew its contract when its 40-year property right expires?

Yes, the current real estate license is a real estate license, which can be automatically renewed when it expires. Legal expression of economic ownership relations. It includes the ownership, possession, control, use, income and disposal of property.

Under the condition of market economy, the attributes of property rights are mainly manifested in three aspects: property rights have economic entity, property rights have separability and property rights flow has independence.

The functions of property rights include: incentive function, constraint function, resource allocation function and coordination function. A scientific and reasonable property right system embodies the ownership relationship in the form of legal rights, and is a legal right tool used to consolidate and standardize the property right relationship in commodity economy, restrain people's economic behavior, maintain the order of commodity economy and ensure the smooth operation of commodity economy.

Extended data property rights can be classified from different angles, generally in six forms:

1, classified according to different historical development forms of property rights: property rights, creditor's rights and equity.

2. According to the different classification of ownership and occupier of property rights: original property rights, government property rights and enterprise property rights.

3. According to the different classification of the main nature of property rights: private property rights, government property rights and enterprise property rights.

4. According to the different classification of property rights objects: fixed assets property rights and current assets property rights.

5. According to the different object forms, there are tangible property rights and intangible property rights.

6. According to the different realization forms of property rights: ownership, possession and disposal.

Baidu encyclopedia-property right