What is right-of-occupancy housing?
Right-of-occupancy housing is an alternative to renting or owning your home. Right-of-occupancy apartments are apartments built with state subsidy, in which the residents hold the right to live in apartments owned by a right-of-occupancy company or association.
The resident signs a right-of-occupancy contract with the company and pays the right-of-occupancy fee, which is up to 15% of the apartment’s original value, adjusted by the building cost index. In addition, the occupant pays a monthly maintenance charge similar to rent.
The residents may continue to live in their right-of-occupancy apartments for as long as they want. When a resident gives up their right-of-occupancy apartment, the company returns the original right-of-occupancy fee, adjusted by the building cost index.
A right-of-occupancy apartment can be applied for by anyone aged 18 or over who does not own an apartment in the application area that meets their needs or have the assets to acquire one. The wealth limit does not apply to persons aged 55 or over.
In order to obtain a right-of-occupancy apartment, you must hold a queue number for the application area. The right-of-occupancy apartment is granted to the applicant with the lowest queue number.
Helsinki, Espoo, Vantaa, Hyvinkää, Järvenpää, Kerava, Kirkkonummi, Nurmijärvi, Mäntsälä, Porvoo, Sipoo, Tuusula and Vihti form one joint application area. The City of Helsinki performs the right-of-occupancy authority duties for all of the municipalities with the exception of Espoo. The city maintains a queue number register, accepts the applicants as recipients of right-of-occupancy apartments and confirms the right-of-occupancy fee to be returned after a resident discontinues their right-of-occupancy contract.