Automatic renewal of housing land use rights after 70 years
As expected, the Civil Law is to include a provision for the automatic renewal of residential land use rights after the period of use of residential construction land expires. The renewal fees will be in accordance with the provisions of the law and administrative regulations.
The move is in line with Premier Li Keqiang's statement at the two sessions in 2017 when he told the media that 70-year residential land use rights should be automatically renewed after they expire without application and any precondition.
Legislation on the automatic renewal of land use rights is therefore of great significance to house owners.