Kiintiölle

Kiintiölle, also known as "kiinteistö" in Finnish, refers to a specific type of real estate ownership in Finland. It is a form of property ownership where the land and any buildings on it are owned by an individual or a company. Kiintiölle is distinct from other forms of real estate ownership in Finland, such as ownership of a share in a condominium or a cooperative housing society.

The term "kiintiölle" originates from the Swedish word "kiinteistö," which means "real estate." This type of ownership is governed by the Finnish Real Estate Act, which outlines the rights and responsibilities of property owners. Under this act, the owner of a kiintiölle has the right to use, enjoy, and dispose of the property as they see fit, subject to certain regulations and restrictions.

One of the key features of kiintiölle is that it is a full ownership of the land and buildings, unlike shares in a condominium or cooperative housing society, where ownership is fractional. This means that the owner has complete control over the property, including the right to sell, lease, or develop it.

Kiintiölle is typically used for residential properties, such as single-family homes and small apartment buildings. However, it can also be used for commercial properties, such as shops or offices, depending on the specific regulations and zoning laws of the area. The ownership of a kiintiölle can be transferred through inheritance, sale, or gift, and it is subject to property taxes and other local taxes.

In summary, kiintiölle is a form of real estate ownership in Finland where an individual or a company owns the land and any buildings on it. It is governed by the Finnish Real Estate Act and offers full ownership and control over the property. This type of ownership is commonly used for residential properties but can also be applied to commercial properties, depending on local regulations.