Kiinteistöosakeyhtiössä

Kiinteistöosakeyhtiö is a Finnish legal entity that translates to "real estate limited company". It is a type of company that owns and manages real estate. Typically, a kiinteistöosakeyhtiö is formed to own a specific property, such as an apartment building or a commercial space. The ownership of the company is divided into shares, and each shareholder owns a certain number of shares which entitles them to the use of a specific part of the property, usually an apartment, and a share of the common areas and the company's assets.

The shareholders of a kiinteistöosakeyhtiö jointly own the property and are collectively responsible for its maintenance, repairs, and financial obligations. Decisions regarding the property and the company are made at general meetings of shareholders. A board of directors is elected to manage the daily operations and finances of the company. Shareholder meetings typically vote on matters such as the annual budget, significant repairs, and the election of board members.

Owning shares in a kiinteistöosakeyhtiö means that the shareholder is not a direct owner of the physical apartment but rather an owner of shares in the company that owns the apartment building. This structure is common in Finland for apartment ownership, similar to the concept of a housing cooperative or a condominium association in other countries, though with distinct legal differences. The obligations of the shareholders are outlined in the company's articles of association and the Finnish Companies Act.