asuntoosakkeissa

Asuntoosakkeissa, often translated as "apartment shares" or "housing company shares," is a form of real estate ownership prevalent in Finland. Instead of directly owning a physical apartment, an individual purchases shares in a housing company. This housing company, in turn, owns the entire property, including the land and buildings. Ownership of shares grants the shareholder the right to exclusive use of a specific apartment within the building, as outlined in a lease agreement with the housing company.

The responsibilities and rights of shareholders are governed by the housing company's articles of association and Finnish housing company law. Shareholders are typically responsible for paying a monthly housing company fee, which covers maintenance costs, loans taken by the company, and other shared expenses. Decisions concerning the property, such as major renovations or changes to the rules, are made at general meetings of shareholders.

When an asuntoosake is bought or sold, it is the shares that are transferred, not a deed for a specific apartment. This makes the transaction process distinct from direct property ownership. The value of the shares reflects the market value of the apartment and the financial situation of the housing company. This ownership model is a cornerstone of Finnish housing, offering a common pathway to homeownership.