Articles

Defects in Terms of Building Contracts

An owner of a single-family home encounters at times need to renovate. Sometimes it might be a big and through renovation from floor to the ceiling, or it can be all about a minor facelift to refresh the interiors or exteriors. Renovations having done by a private...

Making a job part-time

An employer may turn a full-time employment contract into a part-time contract should there exist non-temporary financial and production-related grounds for termination of the contract. Should the employer have a need of reducing the employee’s weekly or daily working...

Obligation of Maintenance in Housing Co-operative

As per the Finnish Housing Co-operatives Act (Asunto-osakeyhtiölaki) the co-operative instead of dwelling unit owners is obliged of maintaining the structures and insulation of the dwelling units. Insides of the structure can be held as being parts of the structure....

Valuation in acquisition and changes of generation

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...

A pro forma registration

A pro forma registration of title means clarification of the ownership of the real estate or an unseparated parcel or designated share of a property in the public title and mortgage register. For instance, all the parties of undistributed death estate will be...

Statutory portion of an inheritance

Statutory portion of an inheritance is a minimum share, which the heir receives in spite of the Last Will of the deceased.  According to the provisions of the Inheritance Code, every direct heir and adopted child as well as their descendants have the right to get a...

Quarrelsome estate

An estate of deceased is an economic entity consisting of the deceased person’s assets and debts. The parties to this economic entity are the lawful heirs of the deceased, as well as potential legatees. The surviving spouse is a party until the partition if he...

Responsibility for repairing equipment

Service maintenance is usually based on mutual agreement between the parties. The contractual relationship is based on the fact that contracts must be hold. In case a person does not fulfill his contractual obligation, the injured party has the right to compensation...

Taking a condominium into the company’s management

This article is published in the Omakiinteistö magazine. In certain situations, a housing corporation may decide that a condominium of a shareholder must be taken under control of the housing corporation for a maximum of three years. This is a significant interference...

Termination of employment on sick leave

Employment relationship can only be terminated on a weighty and substantive basis. Sickness is, in principle, a non-acceptable reason unless the worker’s ability to work has been substantially and so long-lasting ebbed that the employer cannot reasonably be...