Right-of-occupancy and part-ownership housing legislation

Right-of-occupancy dwellings

Right-of-occupancy housing is a mix between rental and owner-occupied housing. Residents of right-of-occupancy housing pay a right-of-occupancy fee and a monthly management fee. The apartment cannot be redeemed, but the resident has a permanent right to live in it. The provisions on right-of-occupancy housing are laid down in a separate Act. With a few exceptions, right-of-occupancy dwellings are financed with state support in the form of state-subsidised housing loans or interest subsidy loans. The provisions on joint management by residents and owners are laid down in the same Act as for interest subsidised rental housing.

  • Right-of-Occupancy Housing Act 650/1990 (Finlex)
  • Decree of the Ministry of the Environment on Applications for Right-of-Occupancy Housing 793/2003 (Finlex, in Finnish)
  • Decree of the Ministry of the Environment on Contracts for Right-of-Occupancy Housing 794/2003 (Finlex, in Finnish)
  • Act on Right-of-Occupancy Housing Associations 1072/1994 (Finlex), falls under the branch of activity of the Ministry of Justice
  • Government Decree on Entering and Removing Restrictions on Use and Assignment for Right-of-Occupancy Dwellings 78/2006 (Finlex, in Finnish), Memorandum 19 December 2018 (electronic residential and commercial property information system, in Finnish) and 16 January 2006 (original, in Finnish)
  • Act on State-Subsidised Housing Loans (ARAVA Act) 1189/1993 (Finlex)
  • Act on Interest Subsidy for Rental Housing Loans and Right of Occupancy Housing Loans 604/2001 (Finlex)
  • Government Decree on Interest Subsidy for Rental Housing Loans and Right of Occupancy Housing Loans 666/2001 (Finlex), Memorandum 13 June 2018 (new loan terms, in Finnish)
  • Act on Joint Management of Rental Buildings 649/1990 (Finlex)

Part-ownership dwellings

Part-ownership housing is a form of housing in which the tenant first pays rent for the apartment and, after the rental period, has the right to buy the apartment outright. Part-ownership housing can be built with state subsidies or private financing. Provisions on state-subsidised part-ownership housing are laid down in a separate Act, which entered into force on 1 March 2002. The terms and conditions relating to part-ownership apartments financed before this date are based only on the agreements between residents and producers of housing. Resident selection for part-ownership housing produced with interest subsidy schemes is based on the same criteria as with state-subsided rental apartments.

  • Act on Part-Ownership Dwellings Financed with Interest Subsidy Loans 232/2002 (Finlex, in Finnish)
  • Act on Joint Management of Rental Buildings 649/1990 (Finlex)
  • Government Decree on the Selection of Tenants for State-Subsidised (ARAVA) and Interest-Subsidy Rental Dwellings 166/2008 (Finlex), Memorandum 12 March 2008 (in Finnish)
Published 2013-03-20 at 17:58, updated 2019-07-30 at 9:37