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Q&A Regarding China's " Urban Real Estate Administration Law of the People's Republic of China"(4)
Q&A Regarding China's " Urban Real Estate Administration Law of the People's Republic of China"(4)
| Q: | What procedures should be followed when transferring real estate with land use rights obtained through allocation? |
| A: |
Where the right to use land is obtained through allocation, when transferring real estate, it shall be reported to the people's government with the approval authority for approval in accordance with the provisions of The State Council. Where the people's government with the approval authority grants the transfer, the transferee shall handle the formalities for the grant of the land use right and pay the land use right grant fee in accordance with the relevant state regulations. |
| Q: | What conditions should be met for the pre-sale of commercial housing? |
| A: |
The proceeds from the advance sale of commercial housing must be used for the relevant construction projects. |
| Q: | What does real estate mortgage refer to? |
| A: |
Real estate mortgage refers to the act of a mortgagor providing a guarantee for the performance of a debt to a mortgagee by using his or her legal real estate without transferring possession. When the debtor fails to perform the debt, the mortgagee has the right to be preferentially compensated from the proceeds of the auction of the mortgaged real estate in accordance with the law. |
| Q: | What does house rental refer to? |
| A: |
House leasing refers to the act where the owner of a house, as the lessor, leases the house to the lessee for use, and the lessee pays rent to the lessor. |
| Q: | What conditions should real estate intermediary service institutions meet? |
| A: |
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