Will the house still be yours after the 70-year property right expires? What did the bank president say?

Buying a house has always been the dream of many young people. When buying a house, many people will notice that there are many kinds of property rights of the house, some are 40 years property rights, some are 50 years property rights, and some are 70 years property rights. Many people don't understand what to do after the 70-year property right expires. Pay off the loan for a lifetime, and you can't live when it expires? Listen to the president of the bank.

First of all, we learned by asking the bank president that the 70-year property right has expired, which means that the land use right of our property has expired. We bought this house with money. At this time, the country will recycle. However, if there is no policy change, the house can continue to live. At this time, you can choose to continue renting and pay a little money to continue living in the original house, so don't worry too much.

Many people have such a misunderstanding that the 70-year property right of a house begins with obtaining the real estate license, but it is not. It takes time to buy this land from the real estate, and then I have already started to calculate it. From a flat piece of land, after two or three years of building construction, to delivery, decoration and moving into a new house, it takes time, but the time of property rights is counted from the very beginning.

Generally speaking, the time limit for the state to lease land is 100 years, otherwise, the land will not be renewed, but some people choose to give up the renewal, resulting in a waste of land. Another point is for safety. Generally speaking, the house has been used for 100 years. No matter how good the quality is, after 100 years, they often become less safe. Therefore, the state will arrange demolition and will give certain compensation for demolition.

If the house in the middle is not 70 years before delivery, but a large-scale earthquake, flood disaster, etc. And the house is seriously damaged. At this time, it will usually be demolished and rebuilt. You can apply for resettlement housing or compensation for demolition, and analyze the specific situation. But don't worry, there will be a good solution.

After reading it, are you relieved that if the house can continue to live after the 70-year property right expires, you only need to pay some rental fees at this time, and the house can continue to live. After a certain period of time, the state will demolish the house by recycling land resources, and at this time, the compensation for demolition can be obtained. Do you understand now?