The plots are offered for sale without a reserve price. The property will be sold, after the auction closes, to the highest bidder. However, the municipality reserves the right, for justified reasons, to suspend the sales procedure, reject bids or not sell the property.
Bids must be submitted by the specified time. Bids are submitted electronically through the Huutokaupat.com system. It is also possible to participate in the auction in person by submitting a bid to the seller on site. The seller and buyer undertake to record all bids in the system.
The highest bidder must, within 3 days of the auction closing, pay a deposit of €500 (five hundred euros) into the account specified by the municipality. If the highest bid for the plot is less than €500, the part of the deposit exceeding the purchase price will be refunded. The deposit will not be refunded if the sale is cancelled for a reason not attributable to the seller. The deposit will be credited in full against the plot purchase price.
By submitting a bid, the bidder accepts these terms of sale and the current auction terms of Huutokaupat.com.
Inspection of the property
Before submitting a bid, the bidder must inspect the plot, its location and terrain conditions, as well as the documents attached to the listing. Viewings by agreement.
The bidder is solely responsible for obtaining all information necessary for their purchase decision before submitting a bid. The buyer may not subsequently rely on a circumstance that could have been observed during a prior inspection.
The plot is sold in the condition in which it is at the time of the sale. By submitting a bid, the bidder accepts the property as is.
Information provided by the seller
The seller warrants that they have provided the buyer with all information known to the seller that may reasonably be expected to affect the sale.
The following are available as additional information: a land register extract, map extract, encumbrance certificate and title certificate. The documents will be provided on request.
The final terms of transfer of the plot are determined by the deed of sale. If there is any discrepancy between the sales listing, attached documents and deed of sale, the terms of the deed of sale shall prevail.
Building obligation
The buyer undertakes to complete on the plot a residential building complying with the local detailed plan, building regulations, building guidelines and approved plans, so that the building inspection authority can carry out an approved commissioning inspection no later than 3 years after the deed of sale is signed.
Construction method
Construction must comply with the current local detailed plan.
Transfer of an undeveloped plot
An undeveloped plot may not be sold or otherwise transferred without the municipality’s written consent. A contractual penalty may be imposed for breaching the building obligation or restriction on onward transfer, as specified in more detail in the transfer document.
Connections and other costs
The buyer is responsible for carrying out the soil surveys required for planning the construction project and for the structural solutions required by the soil conditions for implementing the project.
The buyer is responsible for connection charges in accordance with the tariffs in force from time to time, as well as for electricity, telecommunications and other connections.
In the Koskoisten residential area, the sewer connection is purchased from the sewer cooperative.
The buyer is responsible for transfer tax, title registration costs, property subdivision costs, conveyancing costs and other official charges related to the property transaction. The municipality is responsible for taxes and charges relating to the property until ownership is transferred, after which responsibility passes to the buyer.
Installation of cables and equipment
The property owner permits the installation on the property of cables, equipment and structures serving the community or property, in accordance with applicable legislation. Any inconvenience or damage will be compensated as separately agreed.
Transfer of the plot
A separate decision on the transfer of the plot will be made in accordance with the municipality’s current delegation of authority. The deed of sale must be signed within 3 months of the sales decision.
The plot purchase price and plot subdivision costs must be paid before the deed of sale is signed. In addition, the buyer shall pay the conveyancer’s fee directly to the conveyancer when the deed of sale is signed.
Ownership and possession will pass to the buyer when the purchase price has been paid and the deed of sale has been signed.
Withdrawal from the sale
Under the Code of Real Estate, a party who, after an accepted bid and without lawful grounds, refuses to complete the sale must compensate the other party for reasonable costs incurred in advertising, inspecting the property and taking other necessary steps related to completing the sale.