Applying for a right-of-occupancy home
A right-of-occupancy home (asumisoikeusasunto) is a middle ground between renting and owning: you pay a one-off right-of-occupancy payment and then a monthly charge. In this guide you find out about the application process and assess whether this form of housing suits your finances.
You will need
- Online banking credentials
- A queue number
- Savings or a loan offer for the right-of-occupancy payment
- A monthly budget
Steps
Understand the form of housing
In a right-of-occupancy home you do not own the home, but you have a permanent right to live there as long as you follow the terms. The owner of the building cannot terminate a right-of-occupancy agreement on the same grounds as a rental agreement.
Apply for a queue number
Find available homes
Calculate the total costs
Arrange the financing
Look at the home
Know how to give up the home
The full guide with every step is for members. Try 7 days for €0.99.
People also search for: right-of-occupancy apartment · how do i get a queue number for a right-of-occupancy home · is a right-of-occupancy flat better than renting · asumisoikeusasunto explained · right-of-occupancy payment and monthly charge finland