kiinteistöhallitus

Kiinteistöhallitus, often translated as property management board or real estate management board, is a Finnish term referring to a body responsible for the management and administration of real estate, typically within a housing company (asunto-osakeyhtiö) or a similar cooperative structure. Its primary function is to oversee the financial, technical, and administrative aspects of a property.

The kiinteistöhallitus is usually composed of shareholders of the housing company, elected at the annual general meeting. These members collectively make decisions regarding the upkeep, maintenance, and development of the property. Their responsibilities include preparing and overseeing the budget, approving major repairs and renovations, collecting maintenance fees, and ensuring compliance with relevant laws and regulations.

Key duties include managing service contracts, such as those for cleaning, snow removal, and landscaping. They also handle tenant relations, including lease agreements and resolving disputes if applicable. The financial oversight is crucial, involving regular financial reporting and ensuring the long-term financial health of the property. The members of the kiinteistöhallitus are often volunteers and are expected to act in the best interest of all shareholders. Decisions are typically made through consensus or majority vote during their meetings.