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Dispose of assets on land at the end of the land use period without extension is an issue that needs attention to ensure rights. Understanding the process and related rights will help individuals and organizations make timely decisions, protect investment assets and maximize value from assets. The article below provides specific information on the most effective way to dispose of assets on land when the land use term expires without renewal.
According to the Land Law 2024, regulations on land use terms are specified in Clause 1, Article 172, Clause 1, Article 173 and Clause 1, Article 174 of the Land Law 2024. Accordingly, the longest land use term is 99 years for In the case of leasing land to build a working headquarters of a foreign organization with diplomatic functions, in other cases it is normally no more than 50 years.
According to Clause 4, Article 172 of the Land Law 2024, dispose of assets on land at the end of the land use period without extension is carried out as follows:
Land users are responsible for handling assets attached to land to return the premises to the State. This means they must relocate, demolish or dispose of the assets themselves according to the law.
The time for asset disposal is 24 months from the expiration of the land use term. This is the period of time that the law allows land users to carry out necessary procedures.
If after 24 months the property has not been processed, the State will reclaim the land without compensation for land and attached assets. This means that the land user will lose ownership of the property and will not receive any compensation.
In case the property must be demolished, the owner will have to bear the cost of demolition, especially when the State does this because the land user does not voluntarily do so.
When land use has a term of use, the land user can request the competent State agency to extend the land use period by submitting an extension request no later than 06 months before the expiration date. land use term, according to the provisions of Clause 3, Article 172 of the Land Law 2024.
Long Phan provides professional consulting and support services in handling land assets and extending land use, helping you feel more secure in managing your assets. Our services include:
We understand that handling assets on land at the end of the land use period without extension is a relatively difficult step, so Long Phan is always ready to accompany you in this process. To receive more information and detailed advice, please contact us via hotline: 0906735386. Let Long Phan help you optimize property value and feel more secure in the process of handling assets on land.
Note: The content of the articles published on the website of Long Phan Investment Consulting Company is for reference only regarding the application of legal policies. Depending on the time, subject, and amendments, supplements, and replacements of legal policies and legal documents, the consulting content may no longer be appropriate for the situation you are facing or need legal advice on. In case you need specific and in-depth advice according to each case or incident, please contact us through the methods below. With our enthusiasm and dedication, we believe that Long Phan will be a reliable solution provider for our clients.
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