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What should I do if the store has been owned for 40 years?
Property shops with independent property rights have a fixed number of years. After 40 years, the shop still belongs to the property owner and needs to pay a certain land use rent.
The ownership of land belongs to the state, and the buyer has the right to use the land. The 40-year period of a shop refers to the fixed number of years of land use rights, and only the land lease time expires, not the real estate. At that time, you can continue to pay the land transfer fee to regain the land use right of the house.
Article 149 of the Property Law shall be automatically renewed upon the expiration of the period of the right to use residential construction land. The renewal of the right to use non-residential construction land after its expiration 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.
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