Account of a right-of-occupancy apartment applicant’s wealth and resident approval – required documents

Applicants under 55 need to submit an account of their wealth in order to be eligible for right of occupancy.

The content of this page is partly based on the account of assets form of the Housing Finance and Development Centre of Finland ARA.

You only need the right-of-occupancy waiting number when filling in the right-of-occupancy apartment application. We will send you the account of wealth form after you place a reservation for a right-of-occupancy apartment. The form must be filled in and submitted to us along with the required additional documents. The required documents include a pre-filled tax return available from the Tax Administration as well as other possible accounts of wealth and debt. Contact our sales representative to agree whether you will sign the form by hand or digitally with the Visma Sign service. The resident selection process can only start after the form and the required documents have been delivered.

All those moving to a right-of-occupancy apartment between the ages of 18 and 54 must provide an account of their wealth. Wealth refers to e.g. owner apartments, property, funds and securities and savings in all bank accounts. When determining assets, the liabilities to assets, such as the remaining mortgage and consumer credit, are taken into account. Net assets, i.e. assets – liabilities = assets to be taken into account, are taken into account as assets.

Asset information can be found in the pre-filled tax return sent by the Tax Administration. Up-to-date accounts showing the fair value of the assets must always be provided for both assets and their liabilities. Any assets donated or sold in the 12 months preceding the application are also taken into account.

More information about the required documents:

Owner apartment or property

• a copy of the deed of sale if the apartment/property has been bought in the last 12 months; or
• a real estate agent’s assessment, sales assignment agreement or purchase offer if the apartment or property has not yet been sold: in addition, the property manager’s certificate if the basic information on the site (location, type of apartment and surface area) is not included in the document; or
• a copy of the deed of sale if the apartment/property has already been sold

Summer cottage

• a copy of the deed of sale if the summer cottage has been bought or sold in the last 12 months; or
• property taxation decision (four pages) and the applicant’s own account of the value of the property

Investments: shares and funds

a printout from an online bank or a bank statement showing the value of the investments; the printout must also indicate the sale price of the shares or funds and the name of the owner

Other assets

• a separate account of the joint holdings (e.g. share in an estate) and the shares in a joint venture must be provided, indicating the names of the owners and the sizes of the shares
• an account of other assets, unless their value is low (Vehicles such as cars and motorbikes are not considered assets in this regard)
• Balances of all bank accounts, i.e. assets on various bank accounts, such as the current account, management account, savings account and different investment accounts.

Report on debts

• a printout of the online bank or other information on debts and consumer credits from the creditor; the printout must indicate the name of the debtor; or
• a receipt or the bank’s statement of debts paid out in connection with the sale of an owned apartment
• a receipt for the estate agency’s commission

Other reports

• if necessary, a certificate of a pending divorce
• prenuptial agreement or agreement on the division of assets
• an account of the distribution of assets and liabilities in the case of a common-law divorce