asumisoikeutensa

Asumisoikeus, often translated as right of occupancy or housing right, is a unique Finnish legal concept that provides an individual with the right to live in a specific apartment indefinitely, under certain conditions. It is not ownership of the property, nor is it a traditional rental agreement. Instead, the holder of an asumisoikeus pays a one-time, non-interest-bearing fee to acquire this right, and then pays a monthly housing charge that covers maintenance, interest on the original loan taken by the housing company, and other operating costs.

The right is typically granted by a housing company, which owns the apartment building. The housing company itself may have acquired the right to build and manage the apartments through a loan from the state or a municipality. The asumisoikeus holder does not own shares in the housing company and therefore does not participate in its decision-making processes as a shareholder would. The monthly housing charge is generally lower than market rent for comparable apartments.

Asumisoikeus agreements are often long-term and can be passed on to heirs. However, the right can be lost under specific circumstances, such as significant breaches of the housing agreement or if the housing company is dissolved. The concept aims to provide a more affordable and stable housing option for individuals and families who may not be able to afford to purchase an apartment outright, while also serving as a form of social housing. The conditions and specifics of asumisoikeus can vary, and it is important to consult the relevant legislation and the housing company's regulations for detailed information.