Regulations on Sale and Lease of New Town Lands Through Tendering Article 16

At the same time when signing the lease contract under the above article, the successful bidder of a piece of land leased through tendering shall also sign a superficies rights setting contract. The lessee may apply for superficies rights setting registration jointly with the authority, and the expenses for the aforesaid registration shall be undertaken by the lessee.The continued existence period of the above-mentioned superficies rights may not exceed the lease term.