asuntoosakeyhtiöjärjestelmä

Asuntoosakeyhtiö is a Finnish term that translates to "housing company" or "apartment company." It is a common form of ownership for residential properties in Finland. In an asuntoosakeyhtiö, individuals own shares in the company, and these shares grant them the right to occupy a specific apartment. The company itself owns the property, including the land and the buildings.

When buying an apartment in an asuntoosakeyhtiö, a buyer purchases shares, not the physical apartment directly. The number of shares typically corresponds to the size and value of the apartment. Owners are responsible for paying a monthly housing company fee, known as yhtiövastike. This fee covers the maintenance and upkeep of the property, including common areas, repairs, and often utilities like water and heating.

The asuntoosakeyhtiö is managed by a board of directors elected by the shareholders at an annual general meeting. This board is responsible for making decisions regarding the property's management, finances, and any necessary renovations or repairs. Major decisions require a shareholder vote. Asuntoosakeyhtiö structures are designed to facilitate shared ownership and maintenance of apartment buildings, promoting a collaborative approach to property management.