Seized timeshare at Kiinteistö Oy Saimaan Rantapuisto, apartment G12, week 9, Lappeenranta

Case-specific terms of sale

How to submit bids

The item will be sold by incremental bids in an online auction on the www.huutokaupat.com website during the period 10–29 July 2026. Participation in the auction requires registration. The bidding deadline ends at 15:00 or three minutes after the last accepted bid.

The Enforcement Authority is not responsible for the service provider’s system performance. The highest bid is the one the service provider’s system has accepted as highest. The bailiff will decide separately whether to accept or reject the highest bid.

If it is not possible to submit purchase bids via the Huutokaupat.com service, a prospective buyer may submit a written purchase bid to the enforcement authority, which will be attached to the online auction as the maximum bid according to the auction’s automatic increment. The written bid must be signed and must state the bidder’s contact details, the maximum bid amount and the Huutokaupat.com item number the bid concerns. The written purchase bid is binding and the same terms apply to it as to bids in the online auction. The bid must be submitted no later than 23 July 2026 at 12:00 to the Enforcement Authority’s Kotka office, Vuorikatu 5 C, 48100 Kotka, or by email to kouvola.realisointi.uo@oikeus.fi.

The Enforcement Authority reserves the right to end the sale or extend the sale period.

Bids placed in the online auction are binding. If an accepted bid is approved, the bidder is obliged to pay the offered purchase price within the notified payment period. Failure to pay the offered purchase price may lead to buyer liability under the Enforcement Code, Chapter 5, Section 25.

Payment terms

Deposit

The buyer must immediately pay a deposit equal to 20 per cent 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 bidder whose bid has been accepted as highest. The highest bidder must state on whose behalf the bid was made; otherwise the highest bidder will be regarded as the buyer.

If necessary, payment time for the balance of the purchase price may be granted until 20 August 2026. Any extension must be agreed separately. If an extension is used, 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 end of the payment period. If no extension is used, the purchase price must be paid without delay after acceptance of the bid.

If payment is not made within the specified time, the buyer must pay default interest under section 4(1) of the Interest Act on the whole purchase price until it is paid or a new sale is carried out. The default interest rate is currently 9.50%.

Other information

The asset is seized and is sold by public enforcement sale in accordance with the general auction terms laid down in the Enforcement Code, as applicable. The sales brochure is indicative and not a comprehensive description of the item.

The buyer must pay transfer tax of 1.5%. The tax is calculated on the total of the purchase price and any liabilities transferred to the buyer as of the date of transfer of title.

The buyer will obtain possession of the item once the full purchase price and any liabilities transferred to the buyer have been paid. The buyer must not use the asset in a way that would reduce its value before receiving the deed. The buyer acquires title to the item upon receipt of the deed. The deed will be delivered when the sale is final and the full purchase price and transfer tax have been paid.

Buyers are strongly advised to inspect the item, the sales brochure and the attached documents carefully before submitting a bid.