The "Real right chapter" of the Civil Code absorbs the achievements of the rural land system reform in recent years, reconstructs the rural land rights system, and not only leaves room for development but also points out the development direction for the reform of the "three rights separation" of contracted land and homestead. Through the analysis of the evolution of the innovation practice of the separation of contracted land and homestead rights, this paper reveals the basis of the determination of the right of the separation of contracted land and homestead rights, so as to put forward the orientation of further promoting the transfer of contracted land and homestead. Only by further conferring the transfer power of contracted land and homestead in accordance with the law can it be conducive to the revitalization of rural development and the common prosperity of urban and rural society.