After the public rental housing expires in three years, you can choose to renew it or buy it. Under normal circumstances, the term of public rental housing is only five years. After renting for 5 years, you can apply for the purchase of public rental housing. The term of public rental housing is five years. Tenants can return improved houses when they buy them. Or the owner can buy it at the cost price through the bank after renting it for 5 years. You can also choose one-time payment or installment payment when purchasing.
legal ground
Measures for the Administration of Leased Houses in People's Republic of China (PRC) and People's Republic of China (PRC).
Article 7 An application for public rental housing shall meet the following conditions:
(a) there is no room in the local area or the housing area is lower than the prescribed standard;
(two) the income and property are lower than the prescribed standards;
(3) If the applicant is a migrant worker, he has been employed stably in the local area for a specified number of years.