Housing company Kärkölän Kallenkulma 316-407-1-204, Kärkölä

Terms and conditions for the auction sale of housing company shares

Subject of sale

The subject 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 examined the available material and obtained the information considered necessary about the company, property, planning, easements, restrictions on use and other factors affecting the subject of sale. Bidders must independently assess the plot’s value, building rights, intended use and development potential.

Condition of the subject and limitation of liability

The subject 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 regulations 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 the 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 compliant with the articles of association in force on 31 August 2026, up 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 held after the decision has become legally binding.

The auction will last 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 changes to them that do not alter the content of the decision made by the Municipal Executive Board or the key terms of the sale.

Purchase price and title

The 10% cash 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 rules in force at the time.

Company obligations

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

The company is responsible for the two-year construction obligation imposed on the property it owns. Failure to comply incurs a contractual penalty: initially 50% of the housing company’s redemption price, followed thereafter 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 for the company and credit information will be checked before the final sale.