Leaseholds

The most important category of registered special rights comprehends residential area tenancy agreements, because they are more commonly subject to the registration obligation.

A typical example is municipal lease agreements. Municipalities lease lots or unseparated parcels to their residents as building sites for single-family homes.

This type of agreement can be transferred to a third party without the lessor's consent, unless otherwise expressly prohibited in the agreement. In such cases the agreement is mortgageable and can be enhanced with, for example, mortgage instruments.

When registering, the leasehold is provided with a unique establishment identifier, which comprises the property code, the letter L and a numerical code (e.g. 999-8-77-6-L1).The establishment identifier can be used to print a leasehold certificate of mortgages and encumbrances, which lists any leasehold easements.

When a leasehold is transferred, the new tenant must register the transfer within six months of signing the deed of transfer.