Abstract: The Hire and Purchase Policy leads to the issues of whether leasehold has the ability to register and how is the right of social public service to be rooted if it is not registered. Housing leasehold has a strong antagonistic effect, which makes the lessee have a considerable position in order to deal with the conflict of rights. The registration of housing leasehold is the best way to realize the right representation, which can be easily known and prevent potential transaction risks. China's urban housing rental system has been established and developed for a relatively short time. The existing legal norms are adjusted for the target of administrative means, which affects the realization of the purpose of housing leasehold registration system. Therefore, the registration system of housing leasehold needs to be reconstructed urgently.