Traditional Culture Encyclopedia - Hotel accommodation - How long is the ownership of the apartment?
How long is the ownership of the apartment?
Forty years.
The ownership period of commercial buildings and serviced apartments is 40 years.
An apartment with 70-year property rights should be a residential commercial house, but it depends on the nature of property rights to define whether it is residential or commercial.
Generally, the property rights of serviced apartments are commercial, and the property rights are forty or fifty years. If the property right is 70 years, it will generally be defined as residential.
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