Articles

Declining Inheritance

How to decline an inheritance and its consequences   When declining an inheritance the 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. When a...

Renting Out – Real Estate Law

Renting Out a House Real Estate Law December 29, 2015 This article has been published in the Omakoti Magazine Usually residential rental properties are apartments rather than entire houses. A property owner however, is free to rent out an entire single family home as...

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...

Ending a Civil Service Employment Contract

Ending a civil service employment contract – that is an employment contract governed by legi specialii, namely the Civil Service Act and the Act on Municipical Civil Servants – must be ended as per the aforementioned acts, for the Employment Contract Act does not...

Changes to Zero-Hour Contracts

Previously, both the Employment Contract Act and the Working Hours Act have allowed employing workers under so-called zero-hour contracts, meaning contracts where the employer is not obliged to provide minimum weekly working hours to the employee and the employee is...

Construction Contracts – A Buyer’s Perspective

From the buyer’s perspective a construction contract includes multiple critical steps. Succeeding is always dependent on sufficient expertise at construction industry. If the buyer does not have the required expertise the ought to turn to a good consultant who is able...

The Purpose of Housing Co-op Code of Conduct

Oftentimes a housing co-op has created a code of conduct in which rules and prohibitions concerning the members are laid out. The code of conduct is usually drafted at the general meeting. At their best the rules feel sensible and can even promote good relations...

Equitable Division of Community Property at Divorce

Compensatory adjustment is a leveling asset, which is paid to the less wealthy spouse by the wealthier spouse when a marriage is dissolved and the division of property is made. A married couple might have accumulated community property, which they have acquired during...