I bought a commercial house for Lao Li. When can Lao Wang get the property right of the house?

Because the name of Lao Wang is recorded in the real estate register. According to the information in the Civil Code of People's Republic of China (PRC), the establishment, alteration, transfer and extinction of the real right of immovable property shall take effect after being registered according to law; Without registration, it does not take effect, except as otherwise provided by law, so when it is recorded in the real estate register under the name of Lao Wang, the ownership of the real estate belongs to Lao Wang.