What is an Assumable Mortgage?

Buildings and other land attachments;

Mortgageable property

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Buildings and other land attachments;
Construction land use right;
The right to contract for the management of wasteland and other land acquired through bidding, auction, and public consultation;
Production equipment, raw materials, semi-finished products, products;
Buildings, ships, and aircraft under construction;
Means of transportation
Chinese name
Mortgageable property
Foreign name
Mortgaged property
Types of
Production equipment, raw materials, semi-finished products
According to
Guarantee Law
Features
The mortgagor may mortgage the property listed in the preceding paragraph
The property required by the Security Law to be mortgaged may be:
(1) Houses and other ground fixtures owned by the mortgagor.
(2) Machines, transportation vehicles and other property owned by the mortgagor.
(3) The state-owned land use right that the mortgagor has the right to dispose of according to law.
(4) State-owned machinery, transportation vehicles and other property that the mortgagor has the right to dispose of according to law.
(5) The land use right of barren mountains, barren ditch, barren hills, barren beaches and other barren land contracted by the mortgagor according to law and approved by the contractor.
(6) Other property that can be mortgaged according to law.
The following property that the debtor or a third party has the right to dispose of may be mortgaged: [1]
Other properties that are not prohibited by laws and administrative regulations.
The mortgagor may mortgage the properties listed in the preceding paragraph together.

IN OTHER LANGUAGES

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