How to change the nature of land by allocating land

How the allocated land is converted into leased land 1, and if the right to use state-owned land obtained by allocation needs to be transferred, it shall be reported to the people's government with the right of approval (generally the people's government of the city or county where the land is located). If the transfer is granted, the transferee shall go through the transfer formalities and pay the land transfer fee. The minimum payable transfer fee shall not be less than 40% of the land price. 2. Article 12 of the Provisional Regulations of the People's Republic of China on the Assignment and Transfer of Urban State-owned Land Use Rights stipulates the maximum assignment period of land use rights for different purposes: 70 years for residential land; Industrial land for 50 years; Education, science and technology, culture, health and sports land for 50 years; Commercial, tourism and entertainment land for 40 years; Comprehensive or other land use for 50 years. Therefore, the service life of specific plots is stipulated in the land transfer contract according to the above provisions, not necessarily 70 years. 3. After transferring the allocated land, the transfer period shall be calculated from the date of signing the transfer contract.

Legal objectivity:

"People's Republic of China (PRC) City Real Estate Management Law" Article 40 Where the land use right is obtained by allocation, the transfer of real estate shall be reported to the people's government with approval authority for examination and approval in accordance with the provisions of the State Council. If the people's government with the right of approval approves the transfer, the transferee shall go through the formalities for transferring the land use right and pay the transfer fee for the land use right in accordance with the relevant provisions of the state. If the land use right is obtained by allocation, and the people's government with the right of approval decides not to go through the formalities of land use right transfer when the real estate transfer is examined and approved, the transferor shall turn over the land proceeds from the real estate transfer to the state or make other treatments in accordance with the provisions of the State Council.