Legal basis: People's Republic of China (PRC) City Real Estate Management Law.
Article 2 This Law shall be observed in obtaining the land use right of real estate development land, engaging in real estate development, real estate transaction and real estate management within the state-owned land (hereinafter referred to as state-owned land) in People's Republic of China (PRC) urban planning area.
The term "houses" as mentioned in this Law refers to buildings and structures such as houses on land.
The term "real estate development" as mentioned in this Law refers to the construction of infrastructure and houses on the land that has obtained the right to use state-owned land in accordance with this Law.
Real estate transactions mentioned in this Law include real estate transfer, real estate mortgage and house lease.
Article 3 The state practices a system of paid and restricted use of state-owned land according to law. However, unless the state allocates the right to use state-owned land within the scope prescribed by this law.
Article 4 The State shall, according to the level of social and economic development, support housing construction and gradually improve the living conditions of residents.
Fifth real estate owners should abide by laws and administrative regulations and pay taxes according to law. The legitimate rights and interests of real estate owners are protected by law, and no unit or individual may infringe upon them.
Article 6 In order to meet the needs of public interests, the state may expropriate the houses of units and individuals on state-owned land, and give compensation for demolition according to law, so as to safeguard the legitimate rights and interests of the expropriated person; Expropriation of individual houses should also guarantee the living conditions of the expropriated person. Specific measures shall be formulated by the State Council.
Seventh the State Council construction administrative departments and land management departments shall, in accordance with the division of functions and powers stipulated by the State Council, carry out their duties and cooperate closely to manage the national real estate work.
The establishment of real estate management and land management departments of local people's governments at or above the county level and their functions and powers shall be determined by the people's governments of provinces, autonomous regions and municipalities directly under the Central Government.