Hoitovastikkeesta

Hoitovastike is a Finnish term that translates to "care fee" or "service charge." It is a regular payment made by residents of housing companies or apartment buildings to cover the costs of services and maintenance associated with the property. These services typically include common area cleaning, property management, and maintenance of shared facilities like stairwells, elevators, and laundry rooms. The specific services included in the hoitovastike can vary depending on the housing company's bylaws and the agreement made between the residents and the property manager.

The amount of hoitovastike is determined by the housing company's board and is usually calculated based on the size of each apartment or the proportion of ownership each resident holds. This fee is separate from the loan repayment for the apartment itself, which is often handled through a separate monthly payment. Hoitovastike payments are essential for ensuring the smooth operation and upkeep of the building, contributing to its overall value and livability. Changes to the hoitovastike amount are typically decided at the annual general meeting of the housing company.