Traditional Culture Encyclopedia - Hotel accommodation - What do you mean by red house?
What do you mean by red house?
Red houses, that is, houses with red real estate licenses, are real estate licenses for ordinary houses and commercial houses. This kind of house is named after its red shell, which is protected by national laws and represents the certificate of the integration of house ownership and land ownership.
The term of property right is generally 50-70 years, and the owner can freely buy, sell, lease or mortgage his property. The red real estate license is the legal certificate of commercial housing in the market, which means that buyers have the right to possess, use, benefit and dispose of the real estate. Compared with the green house, the property right of the red house is more complete, and the owner owns all the property rights and can trade freely.
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