Articles

Real Estate Registration in Finland

Finnish Real Estate Register consists of the public title and mortgage register. The property identifier, the registered name of the real estate and the area are recorded in the public title register. The owner of the real property, real estate mortgages and special...

Home Renovations

From time to time a house may need some renovations as the building ages. It may be necessary to do, for example, a roof or drainage renovation. When hiring a contractor to do the renovation work the client should pay attention to a few important things. Often...

Property Developer’s Ten-year Financial Liability

Real estate and dwelling law | 8.11.2018 | Yleinen @en In Finland a property developer (in the scope of this article a construction company) can establish a new housing co-operative as it builds new residential buildings. This process in which the developer starts a...

Valuation in Acquisition and Generational Handover

Valuation, value and price People’s view of the value of a company depends greatly on their perspective. The seller views the value as high. The buyer sees the value as being lower than the seller does. A financier has yet another angle on the matter. In...

Checklist for Buying a Detached House

The law obliges the buyer to inspect the property carefully. After the sale one may not invoke a defect that should have been detected during the inspection. The buyer should take enough time to inspect the property and visit the site more than once. The parts of a...

Declining an Inheritance

How to decline an inheritance and its consequences   When disclaiming an inheritance a beneficiary gives up their legal or bequeathed right to the inherited property. This means the beneficiary is no longer a shareholder in the decedent’s estate. As the...

How to Rent a House in Finland – Real Estate Law

Real estate and dwelling law | 7.4.2021 | Yleinen @en This article was originally published in the Omakoti Magazine Usually, rental properties are apartments rather than single-family houses. However, renting a house is by no means unheard of. One must remember...

Equality of Shareholders

This article has been published in Asunto & Kiinteistö Magazine As per Chapter 1, § 9 of Limited Liability Housing Companies Act all the shares of the housing co-operation establish same rights unless provided otherwise in the articles of association. General...