Luottamustoimen

Luottamustoimen, or "trust deed" in English, is a legal instrument used in Finland to transfer property rights to a third party. It is a common method for transferring ownership of real estate, such as apartments, houses, or land, without the need for a public deed. The trust deed is typically used when the seller does not wish to disclose the identity of the buyer to the public, or when the buyer prefers to remain anonymous.

The trust deed is a private agreement between the seller and the buyer, and it is not registered in the land register. The seller transfers the property rights to a trustee, who then transfers them to the buyer. The trustee acts as a neutral third party and is responsible for ensuring that the transfer is carried out in accordance with the law.

The trust deed is a flexible instrument that can be tailored to the specific needs of the parties involved. It can be used to transfer property rights for a fixed period, or for an indefinite period. It can also be used to transfer property rights subject to certain conditions, such as the payment of rent or the performance of certain obligations.

The trust deed is a popular method for transferring property rights in Finland, as it offers a high degree of privacy and flexibility. However, it is important to note that the trust deed is a private agreement and is not enforceable in court. Therefore, it is important to ensure that the agreement is properly drafted and that all parties understand their rights and obligations. It is also recommended to consult with a legal professional when drafting a trust deed.