Seized apartment shares (3 rooms + kitchen) in Karhuvuori, Kotka, Kotka

Specific terms of sale

Method of submitting bids

Bids are made for the purchase price, excluding any housing-company loan share attributable to the apartment and any maintenance-charge arrears payable by the buyer.

The property is sold by ascending bids in an online auction held on www.huutokaupat.com from 11 November to 2 December 2026. Registration is required to participate. The deadline for submitting bids is 2 December 2026 at 12:00 or two minutes after the last accepted bid.

The National Enforcement Authority Finland is not responsible for the functioning of the service provider’s system. The highest bid is the bid that the service provider’s system has accepted as the highest. The enforcement officer will separately decide whether to accept or reject the highest bid.

If it is not possible to submit purchase offers through the Huutokaupat.com service, a prospective buyer may submit a written purchase offer to the enforcement authority, which will be included in the online auction as a maximum bid in accordance with the automatic bidding system. The written offer must be signed and state the bidder’s contact details, maximum amount and the item number on the Huutokaupat.com service to which the offer relates. A written purchase offer is binding and is subject to the same terms as the online auction. The offer must be submitted by 26 November 2026 at 10:00 to the Kouvola office of the National Enforcement Authority Finland, address Vuorikatu 1, 45100, or by email to kouvola.realisointi.uo@oikeus.fi.

The enforcement authority reserves the right to end the sale or extend the sale period.

Bids submitted in the online auction are binding. If a bid is accepted, the bidder is obliged to pay the offered purchase price within the stated payment period. Failure to pay the offered purchase price may result in the buyer’s liability for compensation under Chapter 5, section 25 of the Enforcement Code.

Payment terms

Deposit

If the highest bid is accepted, the buyer must immediately pay 20% of the purchase price as a deposit into the National Enforcement Authority’s official funds account. The deposit cannot be paid by credit card. The National Enforcement Authority will contact the highest bidder whose bid has been accepted. The highest bidder must state on whose behalf the bid was made. Otherwise, the highest bidder will be deemed the buyer.

If necessary, payment time of up to 23 December 2026 may be granted for the balance of the purchase price. The use of payment time must be notified separately. If payment time is used, annual interest in accordance with section 3(2) of the Interest Act is payable on the entire purchase price for the agreed payment period, from the date of sale until the end of the payment period.

If payment time is not used, the purchase price must be paid without delay after acceptance of the bid.

If payment is not made within the prescribed period, the buyer must pay default interest in accordance with section 4(1) of the Interest Act on the entire purchase price until the purchase price has been paid or a new sale has been conducted.

Obligations and rights transferred to the buyer

According to the manager’s certificate dated 19 October 2026, no housing-company loan share is attributable to the apartment.

The shareholder’s overdue and unpaid maintenance charges and other payments amount to €5,331.70 (status date 19 October 2026).

Under Chapter 3, section 7(2) of the Housing Companies Act, the new owner’s maximum liability equals the total maintenance charges for the month in which ownership was transferred and the five months immediately preceding it. The new owner’s liability for the aforementioned overdue unpaid maintenance charges and comparable payments is €1,947.90. If the new shareholder wishes to take possession of the apartment, the entire overdue receivable owed to the housing company, totalling €5,331.70, must be paid to the company.

NOTE! Receivables of the housing company encumbering the apartment for sale, and any housing-company loan share, are not paid from the purchase price in any respect. The purchase price is therefore not a so-called debt-free price. The buyer must personally ensure, at their own responsibility, that the obligations relating to the apartment are paid to the housing company. Bids submitted in the online auction must take these matters into account.

Any housing-company loan share and maintenance-charge debt attributable to the apartment remain payable by the buyer and are not paid from the purchase price.

The buyer must personally ensure, at their own responsibility, that the obligations relating to the apartment are paid to the housing company. Bids submitted in the online auction must take these matters into account.

The amounts of the above receivables change monthly and will be checked again at the time of sale.

Other information

The buyer is liable to pay transfer tax of 1.5%. The tax is calculated on the total of the purchase price and the obligations transferred to the buyer, as at the date ownership is transferred.

The buyer obtains possession of the property when the entire purchase price and any obligations transferred to the buyer have been paid. The buyer may not use the property in a manner that reduces its value before receiving the deed of sale.

The buyer obtains title to the property upon receiving the deed of sale. The deed of sale will be handed over once the sale is final and the entire purchase price and transfer tax have been paid.

The property has been seized and is sold by a free sale conducted by the enforcement officer, applying, as appropriate, the general auction terms laid down in the Enforcement Code. The sales prospectus is indicative and is not a comprehensive description of the property for sale.

Buyers are advised to familiarise themselves thoroughly with the property for sale, the sales prospectus and the attached documents before making a bid.