Housing company Kärkölän Keskuspuisto 316-403-6-292, Kärkölä

Terms of sale for the auction of housing company shares

Subject of sale

The subject of the 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 the information they consider 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 valid building regulations 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 stipulated 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 valid 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 after the decision has become legally binding.

The auction will last 21 days.

The Kärkölä Municipal Board has authorised the municipal manager, under section 158 of the administrative regulations, to sign the deeds of sale and make minor technical amendments that do not alter the substance of the Municipal Board’s decision 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 end of the auction. Title to the shares transfers when 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 time.

Company obligations

The buyer assumes 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 for transfer tax. Immediately after the transfer of title, the buyer must arrange general meetings in accordance with the Limited Liability Companies Act and replace the managing director and board of directors.

The company is responsible for the two-year construction obligation imposed on the property it owns. Failure to comply results in 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 on behalf of the company and credit information will be checked before the final sale.