Owner apartments

An owner-occupied apartment is like a "terraced house on the hill" where you buy your property and become the legal owner. This means low fixed costs, as well as personal freedom to rent out your home or sell it to whoever you want.

Advantages of owner-occupied apartments

An owner-occupied apartment is a type of tenancy that gives you great personal freedom and low fixed costs.

Low fixed costs

The monthly fee will be significantly lower in a condominium as you are not paying for joint loans to a condominium association.

Full ownership

You can mortgage, mortgage and sell your home just like a home owner can do.

Rent

You can rent out your apartment without applying for a permit.

Lower monthly fee

In general, an owner-occupied apartment costs more to buy than a tenant-owned apartment, but the monthly fee is lower because there are no joint loans.

When buying an owner-occupied apartment, you pay 100 percent of the value of the home, just as you would for a single-family home. Costs for the title deed and for any mortgage deeds will be added.

Parts of the house, such as the roof, facades, stairwells and elevators are jointly owned by the residents. These are managed by a community association to which a fee is paid monthly. Provision for maintenance is included in the monthly fee in addition to operation, care and maintenance. The monthly fee is inclusive of VAT.

Community association

This is how a community association works

A community association manages shared resources which require joint decisions and efforts together with your neighbours, e.g. lifts and stairwells, roofs and facades, pipes and drains.

A community association is formed to legally protect such common ownership and it is a good way to organize maintenance of common land and facilities.

On the other hand, the community has no authority over matters concerning your own home. The association does not need to give its approval for, for example, letting, transfer or conversions.

You own it - and you decide.