Housing company Kärkölän Anniina 316-405-1-283, Kärkölä

Terms of auction sale of housing company shares

Object of sale

The object of sale is the housing company shares owned by the Municipality of Kärkölä. The company’s most significant asset is the property it owns.

Buyer’s duty to inspect

Before submitting a bid, the buyer has familiarised themselves with the available material and obtained any information they consider necessary about the company, property, planning, easements, restrictions on use and other matters affecting the object. Bidders must independently assess the plot’s value, building right, intended use and development potential.

Condition of the object and limitation of liability

The object is sold in the legal, financial and technical condition in which it is at the time of sale. The property’s building regulations comply with the building code currently in force, adopted by the Kärkölä Municipal Council on 28 April 2025, section 15. A two-year construction obligation from the date of sale will be imposed on properties owned by housing companies, as prescribed for plots sold by the municipality for residential construction by Municipal Council decision of 16 May 2016, section 17. The company is obliged to construct on the property a building in accordance with the articles of association in force on 31 August 2026, to the stage at which a commissioning inspection can be carried out.

Soil

The buyer is responsible for investigating the soil and for measures required for construction. The seller has not commissioned a soil survey for the property.

Bids

Bids must be binding in accordance with the terms of the Huutokaupat.com service. The seller reserves the right to accept or reject a bid exceeding the reserve price.

Decision-making

The auction will be conducted once the decision has become legally final.

The auction will remain open for 21 days.

The Kärkölä Municipal Executive Board has authorised the municipal manager, under section 158 of the administrative regulations, to sign the deeds of sale and make minor technical amendments to them that do not alter the content of the Executive Board’s decision or the principal terms of sale.

Purchase price and title

The 10% deposit specified by the municipality must be paid immediately in accordance with the terms of the Huutokaupat.com service. The full purchase price must be paid within two weeks of the auction ending. Title to the shares will transfer once the purchase price has been paid in full and the deed of sale has been signed.

Other costs
The buyer is responsible for transfer tax in accordance with the tax practice in force at the relevant time.

Company obligations

The buyer is responsible for the rights and obligations related to share ownership from the transfer of title onwards. The buyer is responsible for registration obligations related to the sale and for transfer tax. The buyer must arrange the general meetings required under the Limited Liability Companies Act and replace the managing director and board immediately after the transfer of title.

The company is responsible for the two-year construction obligation imposed on the property it owns. Failure to comply with the obligation incurs a contractual penalty: initially 50% of the housing company’s redemption price, followed by 50% of the housing company’s redemption price for each six-month period until the construction obligation has been fulfilled.

Required checks

The bidder’s authority to sign and credit information will be checked before the final sale.