ASLää

ASLää is a Finnish acronym that stands for Asunto-osakeyhtiölaki, which translates to the Finnish Limited Liability Housing Company Act. This legislation governs the establishment, operation, and dissolution of housing companies in Finland. Housing companies are a prevalent form of property ownership in Finland, where individuals purchase shares in a company that owns a building or a group of buildings. These shares grant them the right to use a specific apartment or other space within the property.

The ASLää dictates the rights and responsibilities of shareholders, the management of the housing company, and the procedures for decision-making. It covers aspects such as the annual general meeting, the board of directors, financial management, maintenance obligations, and dispute resolution. The act aims to ensure fair and transparent governance of these entities, protecting the interests of both individual shareholders and the collective. It provides a legal framework for issues like collecting maintenance fees, carrying out renovations, and handling potential problems such as unpaid fees or conflicts between residents. Understanding the ASLää is crucial for anyone who owns or is considering purchasing a property through a housing company in Finland.