korteriühistuga

Korteriühistu is an Estonian term that translates to "apartment association" or "housing cooperative." It is a legal entity established by the owners of apartments within a multi-apartment building in Estonia. The primary purpose of a korteriühistu is to manage and maintain the common property of the building, which includes the land, the building structure itself, and any shared facilities such as stairwells, elevators, and external infrastructure. Membership in the korteriühistu is generally automatic for apartment owners.

The activities of a korteriühistu are governed by Estonian law, specifically the Law of Obligations Act and the Apartment Associations Act. The association's decisions are made by its members at general meetings, where they vote on issues such as repairs, maintenance, budgets, and the election of a management board. The management board is responsible for the day-to-day operations of the association, including collecting contributions from members, arranging for necessary repairs, and ensuring compliance with building regulations.

Contributions from members, often referred to as "monthly fees" or "maintenance fees," are used to cover the costs associated with managing and maintaining the common property. These fees can vary depending on the size of the apartment, the services provided, and the ongoing needs of the building. The korteriühistu plays a crucial role in ensuring the long-term preservation and value of apartment buildings, fostering a sense of community among residents, and facilitating collective decision-making regarding shared living spaces.