Right-of-Occupancy Housing

Right-of-occupancy housing is a mix between rental and owner-occupied housing. Right-of-occupancy housing is built with state subsidy. Residents of right-of-occupancy housing pay a right-of-occupancy fee, which is 15 percent of the original purchase price of the unit. In addition, residents pay a management fee, which is comparable to rent.

Residents are entitled to stay in right-of-occupancy housing for as long as they wish. When they give up a unit, they are paid back the right-of-occupancy fee that they paid for the unit added with a sum calculated according to the construction cost index.

Sipoo is one of the municipalities in the Helsinki region joint right-of-occupancy application area.

To whom and on what terms

Sipoo is one of the municipalities in the Helsinki region joint right-of-occupancy application area. In addition to Sipoo, the area consists of Helsinki, Espoo, Vantaa, Hyvinkää, Järvenpää, Kerava, Kirkkonummi, Nurmijärvi, Mäntsälä, Porvoo, Tuusula and Vihti.

An applicant for right-of-occupancy housing must be a person aged 18 or over who does not own a residence in the area that the application concerns. The applicant may also not have assets that would allow him or her to pay for at least one half of the current price of the residence the application concerns or similar. Applicants who are over 55-years-old can always apply for right-of-occupancy housing, the asset limits do not apply to them.

Basic information and legislation

Right-of-occupancy is a form of housing where the residents control but do not own their homes. In addition to living expenses, the resident will pay a monthly right-of-occupancy fee, which will be paid back when the resident moves out. The refund will be adjusted according to changes in the building cost index. You cannot buy the right-of-occupancy housing to own. The housing must be your permanent home. You can sublet the right-of-occupancy housing for a maximum of two years. The subletting requires a special reason.