Langstaff Gateway Condos for sale. What is the difference in property rights in Canada? Compatriots who know about domestic real estate generally know that China’s housing property rights are actually divided into two parts.Please Visit: Langstaff Gateway Condos for sale to Get Your VVIP Registration Today!
The housing certificate of owning a house and the land use right certificate of the land where the house is located mean that you have the complete property right of the house, and both certificates are indispensable. The two certificates are issued and managed by the Real Estate Administration and the Land Administration respectively. Domestic land belongs to the state, individuals can not own, can only be leased, the general civil residential land lease life is 70 years. In Canada, the property right of land can be private, which may be one of the differences between the two countries.
The homeowner (owner) owns the property right of the house and land and is responsible for cutting grass, shoveling snow, maintaining the property and so on. This kind of property mainly includes independent houses, semi-detached houses, townhouses, etc., when the owner of the house carries on the transformation of the property, as long as the part of the house meets the requirements of the relevant building, fire protection, electricity and other standards, there is generally no need to report to the municipal government for the record (except rental housing). The construction of the outdoor part, changing the use of the house (such as for commercial use) must apply and be approved by the relevant government departments.
Residential units are private and public property is jointly owned by the owners. The outdoor maintenance and repair work will be handed over to the management company, and the residents will pay the management fee every month. As the outdoor part belongs to the management company, residents do not have to worry about such jobs as changing roofs and exterior walls. However, it is necessary to remind everyone that if Chinese people generally install range hood in the kitchen and often drill holes through the external wall, they should apply to the management unit for the record to avoid future trouble. Co-managed property rights are mainly Pak Wen, town houses, etc., but they can also be such properties as yachts, golf courses, and so on.
It is mainly composed of town houses and even houses. In this type of property, the owner owns the property right of the property-the owner is responsible for the whole house, including the external walls, roofs, garages, etc., while public facilities, such as driveways, recreational facilities, visitors’ car parks, ancillary parks, and so on, are jointly managed. Therefore, the homeowner still has to pay the fee. For this kind of property, homeowners can enjoy a higher degree of freedom to beautify their homes and decorate gardening, but there are also restrictions, such as deciding when to change the roof or change the color of the external walls, which must first be approved by the owners’ committee.
In Canada, in addition to real estate which can generally be traded freely in the real estate market, there are two main situations in which the use and management of special land should be noted:
NATIVE LANDS: reserved land preserved by the government to protect the rights and interests of Indian aborigines and the use of land.
RESERVED CROWN LANDS: some restrictions that CROWN LANDS TITLE will have, such as the development and utilization of mineral resources and the management of trees on the land. Even a part of some land will be reserved for road construction. Restrictions on land and real estate use are often encountered on RURAL and RECREATIONAL PROPERTIES, which will have a direct impact on the value of the PROPERTY.
The land system. The current land system in Canada is federal public, provincial public and private. Federal and provincial public land accounts for 90% of the land area, while private land accounts for 10% of the land area. However, the land with high economic benefits, such as urban land, good farmland and pastures, is basically privately owned.
Land use system. Canada stipulates that individuals have full and free control and inheritance of private land, private land can be bought and sold freely, and any individual can obtain new land from the government through sale and lease. and through the development and transfer of the acquired land to obtain excess. The use of private land by the government must be purchased from the private sector. The federal government works for the whole country, needs land, and has the right to expropriate provincial public land, but it must be paid. For provincial public land, it is generally dealt with to private individuals after planning. There are three ways to deal with it: 1) land right processing, selling (processing); 2) land use right processing, leasing (short-term treatment); 3) land passage processing, not dealing with the surface, but leasing the right to bury underground pipelines.