Housing company Kareninlaatta 316-403-6-266, Kärkölä

Terms of sale for the auction of shares in housing companies

Subject of sale

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

Buyer’s duty to investigate

Before submitting a bid, the buyer has examined the available material and obtained the information deemed necessary concerning the company, property, planning, easements, restrictions on use and other factors affecting the subject. Bidders must independently assess the plot’s value, building right, 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 ordinance adopted by the Kärkölä Municipal Council on 28 April 2025, § 15. The properties owned by the housing companies are subject to a two-year construction obligation beginning on the date of sale, as prescribed for plots sold by the municipality for residential construction by the Municipal Council’s decision of 16 May 2016, § 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 once the decision has become legally valid.

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 to them 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% 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 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 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 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.

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 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.