土地使用期 meaning in English

land use term

Land use term
土地使用期
When the land use term is due for a renewal , the then effective urban planning must be complied with
土地使用期到期展延时，应服从其时有效的城市规划。
If party b wishes to renewal the land use term , it shall submit an application to party a one ( 1 ) year prior to the expiration date
如果乙方有意延长土地使用期，则应在到期日之前1年向甲方提交申请。
Upon expiration of the land use term , party b shall go through the formalities for reverting the land to party a on the expiration date
土地使用期到期时，乙方应在到期之日办理向甲方归还土地的手续。
Party b shall pay party a a land use rights grant fee ( the “ land grant fee ” ) of us 20 per square meter for a total of three hundred and three thousand u . s . dollars ( us 303 , 000 ) to obtain the land use right to the land for a term of fifty ( 50 ) years ( the “ land use term ” ) , which commences from the 60th day of the execution of this contract
乙方应向甲方支付每平方米20美元的土地使用权出让金( “土地出让金” ) ，共计三十万三千( 303 , 000 )美元，以获得该土地为期50年的使用权( “土地使用期” ) ，从本合同签署后第60天开始。