1. Continue to acquire real estate. According to the Property Law of 2007, the right to use residential construction land will be automatically renewed when it expires. It is also very likely that there is no need to pay. After the expiration of the right to use non-residential construction land, the renewal procedures shall be handled according to law.
2. Paying taxes and fees Industry insiders predict that 70 years later or in the next decade, the state will have laws to clarify the property rights of houses. There is a high probability that the house is still yours, but it is estimated that tax will be paid.
3. The state enjoys policy compensation and recovery. According to the explanation in the Property Law, if the right to use construction land expires and needs to be recovered according to the public interest, compensation should be given to the houses and other immovable property on the land.