Hello,
I am looking for buying a house in housing company having 29 properties. When I check this property manager certificate, under this lainat section, the apartment doesn’t have any loan but the company has raised some loan. Does this matter, like the company having so much loan.
The information is in the picture so please help me what does this mean. The auditor report for 2022 says the company is neither in profit nor loss.
by codinggardener
2 comments
That’s not a lot of debt at all. It’s probably from some renovation like pipe renovation. The company can be liable to pay those debts in the worst case but before that the apartment of the person not paying would be taken over by the housing company etc. The owners of the share you are interested in have paid off their share of the debt.
It’s just how it always works in Finland. You buy a share that controls your apartment. You don’t buy the apartment directly. You can’t avoid it.
Housing company shouldn’t have significant profit or any loss. Maybe a bit of profit is good to have a buffer.
Nothing unusual here. Feel free to pm me in case you have any additional questions. And no, I’m not trying to sell my services, my help is free. I’m just always happy to help foreigners with this kind of stuff.