stavelsessystemer

Stavelsessystemer refers to a type of dividendi system used in some European countries, particularly in Norway. In essence, it is a shared equity system for condominiums or cooperative houses, where the owner contributes to the purchase of the property in stages, rather than through a single down payment.

The system is called "Stavelsessystemer" due to the roots in the Norwegian language, where "stavles" means a fixed amount and "essystem" implies a system or organization. This method of financing allows owners to purchase shares of the property, and as they make payments and contribute to the overall cost, they gain ownership rights in the building.

One of the key features of the Stavelsessystemer is that it does not require a single large upfront payment. Instead, owners make regular payments, either monthly or annually, which cover a portion of the total cost of the property. This can make it more accessible to people who may not have enough capital for a down payment.

Shares of ownership are transferred to the co-owners in proportion to their payments. As the building is purchased, each co-owner receives more shares of the property, and ultimately, full ownership. In Norway, Stavelsessystemer is often used for cooperative housing projects, where community ownership is a key principle of the venture. The system offers a viable alternative to traditional mortgage lending and allows individuals to become homeowners through gradual ownership transfer.