The collection and compensation of collective land for building factory buildings for lease is generally conducted in accordance with the relevant land management regulations and policies. Generally, the procedure is as follows: 1. The collective land user shall submit an application to the village committee and the township government for the use of collective land for leasing factory buildings; 2. The village committee and the township government shall conduct appraisal and review of the application according to the relevant regulations, and submit it to the county-level people's government for approval; 3. The county-level people's government shall conduct examination and approval according to relevant regulations, and issue a land use right certificate; 4. After the completion of the industrial park project construction, the lessee shall pay the collective land compensation according to the agreement.