What if the property right of the house expires after 50 years?

When the property right expires after 50 years, the house will be automatically renewed and will not be taken back. The term of the right to use residential construction land expires and is automatically renewed. Generally speaking, housing property right consists of housing ownership and land use right, but the term of housing ownership is permanent, and the land use right varies from 4 years, 50 years or 70 years according to relevant laws and regulations. After the house expires, you can get the land use right by paying the land transfer fee again.

What does it mean to buy a house for 50 years?

50-year property right refers to the time of land use right. The property right is yours and can be owned for life. But the ownership of land rights belongs to the state. 50-year property right, strictly speaking, belongs to the situation that the planned use of land and the development use are not completely consistent in the process of real estate development.

Strictly speaking, an old house with 50-year 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 of 40 or 50 years. In the real estate market, there are other similar situations, such as developing office property with industrial land and developing office property with 70-year-old residential land.

To sum up, when the property right of the house expires in 50 years, other owners can be invited to the Bureau of Land and Resources to apply for extending the term of land use right, and then pay the required transfer fee. Of course, the price is generally lower than the transfer price of similar land funds, just like the difference between the cost price and the market price.

Legal basis:

Article 359 of the Civil Code of People's Republic of China (PRC)

If the term of the right to use residential construction land expires, it will be automatically renewed. The payment or reduction of renewal fee shall be handled in accordance with the provisions of laws and administrative regulations.

The renewal of the right to use non-residential construction land after the expiration of the term 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.