Why can Hong Kong rent for more than 20 years?

In Hong Kong, the lease term usually does not exceed 20 years. Parts over 20 years old will be considered invalid. This provision is mainly based on the legal provisions of Hong Kong and the maximum number of years for transferring land use rights. The maximum period of assignment of industrial land use right is 50 years, and the maximum period of assignment and lease of collective construction land use right shall not exceed the maximum period of assignment of state-owned land use right for similar purposes, that is, 50 years. Therefore, when leasing land or houses in Hong Kong, the lease period should abide by these regulations, and the part that has exceeded 20 years may not be protected by law.

As for the lease contract signed by a company in Hong Kong, the lease time is as long as 50 years. Whether the contract is valid or not needs to be judged according to the specific circumstances. If the contract is signed before the implementation of the new regulations, then the contract is still valid; If it is signed after the implementation of the new regulations, the part that has exceeded 20 years may be invalid. In addition, if the contract is suspected of violating the Provisional Regulations of the People's Republic of China on the Assignment and Transfer of Urban State-owned Land Use Rights or the Administrative Measures for the Circulation of Collective Construction Land Use Rights in Guangdong Province, the contract may be deemed invalid.

Generally speaking, when leasing land or houses in Hong Kong, you need to abide by relevant laws and regulations to ensure that the lease period is legal and valid.