The only entities that really own land anywhere are states. If you “own” real estate in the U.S. and don’t pay your rent property taxes, the actual owner the state evicts you can confiscate your land for a tax sale.
In that case in other places, if I own the property I can leave it in trust or in a will to other people when I die, genuinely curious because I don’t know… Is that possible with how China does things?
Pretty sure you can’t own a house in China, isn’t it like a life time lease?
Edit: thanks for all the downvotes for asking a question. Have a good day.
You can own property; just not land.
The only entities that really own land anywhere are states. If you “own” real estate in the U.S. and don’t pay your
rentproperty taxes,the actual ownerthe stateevicts youcan confiscate your land for a tax sale.You just renew the lease. You can’t own a real estate property indefinitely without paying a fee of some kind in any country.
‘Ownership’ anywhere is essentially a life time lease, right? Unless you can figure out how to take it with you.
In that case in other places, if I own the property I can leave it in trust or in a will to other people when I die, genuinely curious because I don’t know… Is that possible with how China does things?
Yes you can pass on property to your children in estate
I was making a bit of a joke. I don’t know how it works in China.
We don’t downvote on hexbear so if you are getting them they’re coming from outside the house
Ty