The process of buying and selling owner apartments will transfer to a new electronic system. Paper share certificates will no longer be used, and information about apartment owners will be entered in the Residential and Commercial Property Information System maintained by the National Land Survey of Finland (NLS).

During the transition period, paper share certificates can be used or the ownership can be indicated by an electronic entry in the Residential and Commercial Property Information System.

The new owner must register the change of ownership in different ways, depending on whether the housing company’s list of shares has been transferred to the electronic system and whether the ownership of the apartment has already been registered in the electronic system.

When must the change of ownership be registered in the Residential and Commercial Property Information System?

If the housing company has not transferred its list of shares to the Residential and Commercial Property Information System, you can complete the transaction as before by using paper share certificates, and no information about the ownership of the apartment will be entered in the register of housing company shares. Information about the transfer of ownership and the new owner is entered in the paper share certificate.

If the housing company’s list of shares has been transferred to the Residential and Commercial Property Information System, the new owner must apply for the registration of their ownership in the Residential and Commercial Property Information System after the transaction. If information about the shares sold has not yet been transferred to the electronic system, the transaction will be completed using paper share certificates, and the certificates will be made void in conjunction with the registration of ownership.

See also

Information and instructions on housing transactions on the website of the Finnish Competition and Consumer Authority.