Do underground parking spaces have property rights?
1 Answers
Underground parking spaces may or may not have property rights. Parking spaces with property rights have a validity period of 70 years, while those without property rights have a usage period of 20 years. Parking spaces with property rights allow for the trading of property rights, establishing the owner's ownership, usage rights, inheritance rights, etc., and can also be legally transferred, leased, mortgaged, or otherwise disposed of. For underground parking garages built by developers who have obtained garage property rights, they can entrust property management companies to rent or sell the parking spaces. Parking spaces without property rights can only transfer usage rights, typically obtained through agreements, and the usage rights expire when the lease term ends.