How many years is the property right of serviced apartment?

The property right of serviced apartment is 40 years. The term of property rights of serviced apartments refers to the term of ownership of building property rights, including civil houses, commercial buildings and industrial buildings, which varies according to different types of buildings. The ownership period of civil houses is 70 years. The advantage of serviced apartment is its good location. This kind of project is generally located in a good location in the core area of the city, with few lots, mature surrounding facilities and convenient transportation.

What should I do if the property right expires?

1. According to the regulations, the right to use residential construction land will be automatically renewed when it expires. After the expiration of the right to use non-residential construction land, the renewal procedures 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.

2. According to the stipulations of the land use right transfer contract, if the land user needs to continue to use it, he should apply for renewal at the latest one year before the expiration. Except for land resumption for public interests, it shall be approved. The renewal shall re-sign the land use right transfer contract and pay the land use right transfer fee according to the regulations.

3. When the land user applies for renewal to the land management department, other houses shall be approved except those that need to be recovered according to the public interest. If the renewal is approved, the land use contract shall be re-signed and the land use fee shall be paid. In this way, the property ownership can be continued, unless, of course, it is necessary to forcibly dismantle it when it is dangerous.

4. If the land user applies for renewal, but fails to approve the renewal according to law (that is, it needs to be recovered according to the public interest), the land use right shall be recovered by the state free of charge, but the above-ground property shall be compensated according to the residual value at the time of recovery. If the land user fails to apply for renewal, the land use right and the real estate on the ground shall be recovered by the state free of charge. House ownership will naturally disappear.