What to do after the 40-year property right of the serviced apartment expires?

After the 40-year property right of a serviced apartment expires, under normal circumstances, the treatment methods after the property right expires may include renewal, demolition compensation or re-planning, etc.

1. Understand the relevant policies after the property rights expire

Before the property rights expire, owners should understand in advance the local government’s policies on the expiration of the property rights of serviced apartments. These policies may vary by region, so owners need to pay attention to local government announcements and notices to stay informed about relevant policies and requirements.

2. Apply for property rights renewal

If local policies allow property rights renewal, the owner can apply to the relevant department. During the application process, owners may be required to provide relevant supporting documents and information to prove their legal ownership of the serviced apartment. At the same time, owners also need to pay renewal fees in accordance with relevant regulations.

3. Demolition compensation

If the government needs to demolish a serviced apartment due to urban planning or other reasons, the owner is entitled to receive corresponding demolition compensation. The specific amount and method of compensation will be determined according to local government policies. Owners should keep relevant supporting documents and information so that they can successfully obtain compensation during demolition.

4. Re-planning or reconstruction

In some cases, the government may re-plan or reconstruct the serviced apartments. At this time, the owner needs to negotiate with the government to determine the specific reconstruction plan and requirements. During the renovation process, owners need to abide by relevant regulations to ensure the safety and quality of the renovation project.

In summary:

After the 40-year property right of a serviced apartment expires, the owner should take appropriate measures in accordance with local policies and regulations. Understanding the policy, applying for renewal, obtaining demolition compensation, or participating in rezoning and reconstruction are all possible ways to deal with it. Owners should make preparations in advance and maintain communication with relevant departments to ensure that their rights and interests are protected.

Legal basis:

"Interim Regulations of the People's Republic of China on the Assignment and Transfer of State-owned Land Use Rights in Guocheng Town"

Article 12 stipulates:

The maximum term for the transfer of land use rights is determined according to the following uses:

(1) Seventy years for residential land;

(2) Fifty years for industrial land;

(3) Land for education, science and technology, culture, health, and sports for 50 years;

(4) Land for commerce, tourism, and entertainment for 40 years;

(5) Fifty years for comprehensive or other land use.