Foreclosed apartment share (3-room + kitchen) (Sales period extended to 29 December 2025 at 18:00!), Kouvola

The property is sold by incremental bidding in an online auction held on www.huutokaupat.com between 12 November and 29 December 2025. Registration is required to participate. The deadline for submitting bids ends on 29 December 2025 at 18:00 or three minutes after the last accepted bid.

The Enforcement Authority is not responsible for the service provider’s system functionality. The highest bid is the bid that the service provider’s system has accepted as highest. The enforcement officer will separately decide whether to accept or reject the highest bid.

Bids made in the online auction are binding. If a submitted bid is accepted, the bidder is obliged to pay the offered purchase price within the agreed payment period. Failure to pay the offered purchase price may lead to the buyer’s liability for compensation under Chapter 5, Section 25 of the Enforcement Code.

If it is not possible to submit purchase bids through the Huutokaupat.com service, a prospective buyer may submit a written purchase offer to the enforcement authority, which will be attached to the online auction as a maximum automatic-raise offer. The written offer must be signed and must include the bidder’s contact details, the maximum amount of the offer and the Huutokaupat.com item number to which the offer relates. The written purchase offer is binding and is subject to the same terms as the online auction. The offer must be submitted no later than 23 December 2025 at 10:00 to the Enforcement Authority office at Vuorikatu 1, 45100 Kouvola OR by email to: kouvola.realisointi.uo@oikeus.fi

The enforcement authority reserves the right to end the sale or to extend the sales period.

The buyer must immediately pay a 20% deposit of the purchase price to the Enforcement Authority’s official account. The deposit cannot be paid by credit card. The Enforcement Authority will contact the highest bidder whose bid has been accepted. The highest bidder must state on whose behalf the bid was made; otherwise the highest bidder will be regarded as the buyer.

If necessary, up to six weeks’ payment time may be granted for the balance of the purchase price. The payment period must be agreed separately. If payment time is granted, annual interest will be charged on the entire purchase price in accordance with Section 3(2) of the Interest Act for the whole agreed payment period from the sale date until the payment period ends. If no payment time is granted, the purchase price must be paid immediately after the bid is accepted. If payment is not made within the specified time, the buyer shall pay default interest on the entire purchase price under Section 4(1) of the Interest Act until the purchase price has been paid or a new sale has taken place. The current default interest rate is 9.50%.

According to the property manager’s certificate dated 5 November 2025, there are unpaid charges totalling €8,907.92 against the share being sold. The manager has also stated that the company has incurred repossession-related costs totalling €3,458.57.

Because the flat has been taken into the company’s possession, the new owner has the right under the Housing Companies Act to take possession of it before the end of the possession period once they have paid, with interest, all costs caused by taking into possession, the costs caused to the company by repairing the share, unpaid company charges and those charge instalments that fall due for payment by the shareholder during the period of possession (Housing Companies Act, Chapter 8, Sections 7 and 6(2)).

The flat has been let by the housing company from 22 September 2025 on a continuing tenancy. The rent is €550/month. The binding effect of the tenancy on the new owner is determined by the Act on the Rental of Residential Premises (481/1995). Because the flat is sold as let, the tenancy binds the buyer and the tenant unchanged even after the transfer of ownership (Act on the Rental of Residential Premises, Section 39(3)).

If the buyer pays the company’s outstanding receivables relating to the flat and thereby terminates the company’s right of possession, the buyer will, without a separate agreement, become the landlord in place of the company while the tenancy remains in force under its existing terms. The tenancy is governed by the provisions of the Act on the Rental of Residential Premises and the rights and obligations of landlord and tenant are determined by that Act.

If the buyer does not pay the housing company’s receivable in full (excluding the company loan share), the company’s decision to take possession binds the buyer. The buyer’s personal liability for arrears incurred during the previous owner’s period is then determined in accordance with Chapter 3, Section 7 of the Housing Companies Act, meaning the new owner is jointly and severally liable with the previous owner for unpaid company charges and other payments referred to in Chapter 3, Section 2(2). The maximum liability is equal to the amount of company charges for the month in which ownership transferred and for the immediately preceding five months.

The amounts of the receivables mentioned above change monthly and overdue receivables also accrue default interest.

In addition to the cash purchase price, the buyer assumes a share of the company’s loans of €10,495.68 as at 31 October 2025. The company loan share related to the flat remains the buyer’s responsibility and is not deducted from the purchase price.

The buyer is responsible for ensuring fulfilment of the flat-related obligations owed to the housing company. Bids in the online auction should take these matters into account.

The buyer will obtain possession of the sale object once the entire purchase price and any obligations transferred to the buyer have been paid. The buyer must not use the property in a manner that would reduce its value before receiving the deed of sale. The buyer acquires title to the sale object upon receipt of the deed. The deed will be delivered once the sale is legally final and the entire purchase price and transfer tax have been paid.

The property is foreclosed and will be sold by free sale conducted by the enforcement officer, following the general auction terms prescribed in the Enforcement Code as applicable. The sales brochure is indicative and not a comprehensive description of the sale object. Buyers are advised to familiarise themselves carefully with the sale object, the sales brochure and the attached documents before making a bid.