kinnisvaraühistus
Kinnisvaraühistu, often translated as a real estate cooperative or housing association, is a legal entity formed by property owners to jointly manage and maintain common areas and services within a shared property, such as an apartment building or a condominium complex. The primary purpose of a kinnisvaraühistu is to ensure the effective and equitable upkeep of the property, as well as to represent the collective interests of its members.
Membership in a kinnisvaraühistu is typically automatic for owners of individual units within the shared property.
Finances are managed through regular contributions, often referred to as service charges or monthly dues, paid