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Q&A Regarding China's " Urban Real Estate Administration Law of the People's Republic of China"(一)
Q&A Regarding China's " Urban Real Estate Administration Law of the People's Republic of China"(一)
| Q: | What is the purpose of formulating the "Urban Real Estate Administration Law of the People's Republic of China"? |
| A: |
In order to strengthen the management of urban real estate, maintain the order of the real estate market, safeguard the legitimate rights and interests of real estate right holders, and promote the healthy development of the real estate industry, the "Urban Real Estate Administration Law of the People's Republic of China" is formulated. |
| Q: | Which behaviors should comply with the "Urban Real Estate Administration Law of the People's Republic of China"? |
| A: |
To obtain the land use right for real estate development within the state-owned land scope of the urban planning area of the People's Republic of China, engage in real estate development, real estate transactions, and implement real estate management, one shall abide by the "Urban Real Estate Administration Law of the People's Republic of China". |
| Q: | What does the term "house" as used in the "Urban Real Estate Administration Law of the People's Republic of China" refer to? |
| A: |
It refers to buildings and structures such as houses on the land. |
| Q: | What does real estate development refer to as defined in the "Urban Real Estate Administration Law of the People's Republic of China"? |
| A: |
It refers to the act of constructing infrastructure and houses on the land for which the right to use state-owned land has been obtained in accordance with this Law. |
| Q: | What does real estate transaction refer to as defined in the "Urban Real Estate Administration Law of the People's Republic of China"? |
| A: |
The real estate transactions as referred to in the "Urban Real Estate Administration Law of the People's Republic of China" include real estate transfer, real estate mortgage and house lease. |

