Is the property right of underground parking spaces 40 years or 70 years?

Whether the property right of underground parking spaces is 40 years or 70 years depends entirely on the nature of the land. If the property right of the purchased house is 40 years, then the property right of the purchased parking space is also 40 years. If the parking spaces purchased by most houses have property rights, then the property rights of underground parking spaces are 70 years. I would like to remind you that not all parking spaces can be purchased, only parking spaces with property rights can be bought and sold. If it is a civil air defense parking space, it can only be rented, and the rental time is only.

After purchasing the parking space, pay the corresponding fees and handle all the property certificates, just like the purchased house. After the expiration of the service life of the parking space property right, if the state has no new policy on the land, it can continue to use the parking space by paying the land transfer fee. However, if the country has new uses for the land, it will also give some compensation and recover the land. Before buying a parking space, you must go through formal procedures.

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