A temporary share certificate is issued by the housing company, demonstrating the owner of the flat entered in the list of shares. The board of the housing company may only issue a temporary share certificate to the owner of the flat entered in the housing company's list of shares. A temporary share certificate is required when the flat does not have an electronic ownership entry and the owner wants to register their ownership.
A temporary share certificate is required:
- when the housing company was established on or after 1 January 1992 and the housing company has not issued paper share certificates;
- when the share certificate has gone missing or been lost and a district court has issued a final decision to amortise it.
A temporary share certificate is not required if the housing company was established on or after 1 January 2019.
The temporary share certificate must contain the following elements:
- a statement that the document is a temporary share certificate. The housing company may issue a share certificate for the title of the apartment specified in the temporary certificate only against the returned temporary share certificate;
- housing company name and business ID;
- share numbers, for example 1-100;
- information about which apartment the shares entitle control upon, such as A1;
- information about the possible redemption clause;
- a statement if the temporary share certificate was issued in place of an amortised share certificate;
- handwritten signatures of the housing company's quorum board (electronic signatures are not accepted);
- the date.