Option Law

Original Language Title: Etuostolaki

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Read the untranslated law here: http://www.finlex.fi/fi/laki/ajantasa/1977/19770608

In accordance with the decision of the Parliament, provides for: the General provisions of section 1 of Chapter 1 of the Community is the option, a real estate trade. (16.7.1990/654) is repealed by L:lla 16.7.1990/654.

The option to obtain the right to use the community building, as well as for recreation and conservation purposes. (the 23.3.1989/289)
Notwithstanding the provisions of paragraph 3, Helsinki, Espoo, Kauniainen and Vantaa city has options in the real estate trade. (6.11.1992/990) for the purposes of article 2 of the law of the right to redeem the options sold real estate. The option exercise (etuostolla), then when it is completed, the municipality shall be deemed to have been notified by the buyer at the time of the conveyance, rather than trade, agreed. The seller will not be able to rely on a trade, which he did despite not announced and for which the municipality when deciding on the use of the right of first refusal does not otherwise know. The role of the third person is the same as the buyer. (to 12 April 1995/545)
The property store is considered a supply of a supply of the property, where the value of the consideration other than immovable property, constitutes a major proportion of the.
Can supply the information referred to in subsection 1, the letter to the seller also by sending it by post or by electronic means, the seller kaupanvahvistajalle's trading system. The seller's request for information shall be deemed to have been received on the seventh day after the document has been given to the post Office for delivery. Letter to the seller can be set to a minimum of two weeks from the date of the announcement of the terms of trade. The call is a major it no later than the date by which the notification is to be made. (23.8.2013/625) at the same time, section 3 of the transfer paper is sold At two or more in the real estate, the option is for the community, in the territory of which is for the most part of the total surface area of real estate.


section 4 of this law shall also apply to the share of the real estate property, as well as in the case of real estate sector.
Real estate in the area you want to calculate for the purposes of this law, according to the land.
The property sold in the area of the surface is considered the number of the part of the surface area of the property.


§ 5 right of first refusal is not, when 1) real estate consists of or, if at the same time, release or otherwise, the luovutuksin, which is considered to be the same, is sold in different real estate, these together encompass 5,000 square feet or less; (16.7.1990/654) 2), the purchaser, the person who is the spouse of the seller or inheritance (40/65) according to the provisions of Chapter 2 and 4 could charge to the seller, or the spouse of such a person;
3) a purchaser is a State, the State Department or any other government institution, or (23.6.2005/471) 4) the sale takes place at a forced auction.
Under paragraph 1, the area referred to in paragraph 1, account shall be taken of the two of the last three years, the same buyer and seller in the same the same real estate shops, as well as shops, where the donor or the transferee of the property is a community with a buyer or seller is owned by more than half, as well as the shops, where the real estate is through the third moved from the same seller to the same buyer. (16.7.1990/654)
What is provided for in paragraph 2, paragraph 1 shall not apply when the property will be handed over to the purchaser and to the rest of the commonly referred to.
Without prejudice to what is laid down in paragraph 1, subparagraph 1, Helsinki, Espoo, Kauniainen and Vantaa city has the option, if the property or real estate in the common area is more than 3, 000 square meters. (9.12.1988/1063)
Notwithstanding the provisions of paragraph 1 of article 1, the community has the option of land use and building Act (132/1999), as referred to in article 110 in the territory, the development of the law in accordance with article 111 and 112. (indicated/140) of section 6 of the right is not, when you use it, taking into account the relationship between the buyer and seller, the terms of the transfer, or other circumstances, be considered to be manifestly unreasonable.
The right of first refusal is not, as you state, the State Department or any other government agency sells real estate: 1) adopted by the body designated by the Board of trade payable to the transferee; or 2) to a company in which the State has control of, the State Fund, or the role of the Foundation of the public for their own use.
(23.6.2005/471), paragraph 7, of the Options includes at the same time, the transfer paper sold in the whole of the sale of movable and immovable property.
Chapter 2 the option procedure section 8 property owner upon written request, which must determine the purchase price of the item of trade, and other terms and conditions, as well as the owner of the property address, can advance to the State that it will not use its right of first refusal, if the property is sold within two years of the date of the decision on the terms specified.


section 9 (24 July 2009/583) if the municipality decides to make use of the option the right to property, it shall, in writing, inform the buyer, the seller and the registration authority, the jurisdiction of which the real estate is. The decision needs to be made and shall inform the registration body within three months of release for the authentication. Such a decision shall be notified to the buyer and to the seller without delay todisteellisena the copy is in the way the Administration Act (434/2003).
If handover consists of two or more of the registration authority in the region, the Declaration referred to in subparagraph (1) of the real estate property, must be done separately for each of the registration authority.


section 10 if the municipality fails to, what it is, is provided for in article 9 of the options forfeited.


Article 11 of the option is completed, when the decision of the options should be final.


section 12 (23.6.2005/471) Options-the right to use shall be recorded in the register of land ownership and mortgages. Entries to be removed, when the option is completed.


section 13: When the option is completed, will the buyer shall transfer to the book and seized documents relating to the property it receives, which is of relevance to the municipality as the owner of the property.


section 14 of the Property edelleenluovutus, which has occurred before time expired or etuoston is the question of whether the community options, has been finally resolved, does not preclude the entry into force of their placing at the option right.
Chapter 3 obligation arising from article 15 of the Etuostosta (23.6.2005/471) until the option is completed, the buyer will need to take care of the transferee of the deed, or otherwise, for the fulfilment of the obligations of the. When the option is completed, is to be replaced by the buyer, what is this is it before the run, the costs incurred by the buyer's negligence, not performance. In addition, as a result of the purchaser is to be replaced by trade, born in the financial and other necessary costs. The same applies to the management of the property, the cost of the care and maintenance of the necessary costs incurred.
The buyer may not referred to in subparagraph (1) shall be paid from the date of payment for each payment including interest rate Act (633/1982) in accordance with the first subparagraph of article 3(2) of the interest rate.
The purchaser shall be carried out by the compensation of the costs referred to in subparagraph (1), as well as for the purchase price of the assets and payments of the interest provided for in paragraph 2, only to the extent that they exceed the revenue received by the purchaser of a property or other economic benefits.
If the value of the property is sold to the purchaser as a result of such measures or omissions in decline, is the community the right to fair compensation.


section 16 if the buyer prior to the completion of the etuoston has fulfilled the obligations, which are based on the trade, must not take advantage of their relationship with their dealer base to read these.


section 17 When, because of the nature of the condition of the property of the trade since the buyer rather than be, as such, does not meet the obligation contained in the condition you want to convert, is it cash in lieu of the full value. The obligation of the buyer to the seller's claim, however, is the condition of the performance to meet the original criteria, comparable to the way, in the event of the municipality shall be deemed to reasonably be able to it like this to meet.


section 18 (13 March 2009/139), the action in the case referred to in articles 15 and 17 of the fact is to be raised in the District Court within a period of six months, when the option is completed.
Chapter 4, section 19 of the Act title (16.7.1990/654), a real estate trade law may not be all the rage before section 9 (1) the exercise of the right of first refusal to question time is at an end, or if the municipality has decided to use its right of first refusal, before it is legally resolved, that the community have this right. (to 12 April 1995/545)
What States are not complied with, when the question is section 5, paragraph 1, sub-paragraph 2 – trade in real estate or property referred to in paragraph 4 of the store, which, according to staff its certificate does not use the option right. What does the failure to provide, either under section 5 of the cases referred to in paragraph 1, if the application is connected to a buyer obtain a written declaration that the same supplies as referred to in paragraph (2) has been made. Article 20 (6.11.1992/990)



The time within which you acquired the property, the etuostolla is huudatettava is read from the time when the option is completed. The yield of the paper shall be deemed buyer's copy of the deed or a copy certified by the public purchase witness.
Chapter 5 miscellaneous provisions of section 21 of this Act and in accordance with the provisions adopted in the implementation of the tasks entrusted to the care of the Government. The decision of the Board of Directors may, to the extent that, in the event of a solution, to move it to the municipality use the option right, the holder of the following public authorities.
The decision does not apply to the holder of the authorities in the Municipality Act (365/1995) 51. The decision, which the Committee has decided that it will not use its right of first refusal, does not apply to the municipality law provides in article 92. (23.6.2005/471)

Kuntal 365/1995 is repealed, see L:lla 410/2015 transitional provisions KuntaL 410/2015 147-150.



21 (a) section (16.7.1990/654) if the contract is prescribed or other action has been taken, apparently for the purpose of the exercise of the option would avoid, may 18 of that Court at the insistence of the decide not to be bound by any or all of the measures for the exercise of the right of first refusal or not. The action is to increase the supply of the property, within three months of the authentication. The exercise of the right of first refusal under section 9, the time begins to run only when the issue is legally resolved.


section 22 (7.8.2015/1067) 9 and the decision referred to in subparagraph (1) of section will get the buyer and seller to appeal administrative court as a municipality is required by law.
The administrative court decision may be appealed only if the Supreme Administrative Court grants leave to appeal.
The decision not to make use of the option rights may not be appealed.

L:lla 1067/2015 amended section 22 shall enter into force on the 1.1.2016. The previous wording: article 22 of the Above article 9 of the decision referred to in paragraph 1 will get the buyer and seller to appeal administrative court within 30 days of the notification of the decision. (23.6.2005/471)
When the municipality has decided not to use the option right, no decision may be appealed.


section 23 of the public purchase witness from the obligation to notify the property stores and as a result of the compensation, as well as the law of the obligation to provide the information necessary for the planning situation in the title authorities, provided for in the regulation. The provisions of this Regulation may also be more precise on the implementation of the law.

This law shall enter into force on 1 October 1977 and for the right of option trade in the property shall be repealed on 29 August 1975 Act (694/75).

This law does not apply to bookings made before the date of entry into force of the law of property.

The change of the date of entry into force and the application of the acts: 20.8.1982/638: this law shall enter into force on 1 September 1982 THEY 162/81, l-tvk. Mrs. 4/82, svk. Mrs. 81/82, svk. Mrs. 81a/82 9.12.1988/1063: this law shall enter into force on 15 December 1988.
THEY'RE 98/88, another lvk. Mrs. 15/88, svk. Mrs. 183/88 10.3.1989/253: this law shall enter into force on 1 November 1989.
THEY 65/88, another lvk. Mrs. 12/88, svk. Mrs. 157. the 23.3.1989/88/289: this law shall enter into force on 1 April 1989.
THEY 236/88, l-tvk. Mrs. 1/89, svk. Mrs. 16/89 16.7.1990/654: this law shall enter into force on 1 September 1990.
Before the entry into force of the laws previously in force shall apply to transactions carried out.
THEY'RE 104/89, l-tvk. Mrs. 12/90, svk. Mrs. 70/90 6.11.1992/990: this law shall enter into force on 1 December 1992.
THEY YmVM 121/92, 7/92 to 12 April 1995/545: this law shall enter into force on 1 January 1997.
THEY'RE 120/94, LaVM: 27/94/140: this law shall enter into force on 1 January 2000.
THEY YmVM 101/1998, 6/1998, EV 248/1998 23.6.2005/471: this law shall enter into force on 1 August 2005.
Before the entry into force of the laws of the applicable at the date of entry into force of the law of real estate transactions carried out in force.
THEY YmVM 6/24/2005, 2005, EV 56/2005 13 March 2009/139: this law shall enter into force on 1 September 2009.
Before the date of the entry into force of the laws which have been in force at the time of entry into force of the law applies.
70/2008 16/2008, LaVM, EV 5/2009 July 24 after the entry into force of this law/583 specifically provided for by law.
THEY'RE 30/5/2009, 2009, MmVM EV 89/2009 23.8.2013/630: this law shall enter into force on 1 November 2013.
THEY'RE 43/10/2013 2013, LaVM, EV 76/13 7.8.2015/1067: this law shall enter into force on the 1 January 2016.
On appeal before the entry into force of this law shall apply to the Management Board on the date of entry into force of this law, the provisions in force.
THEY'RE 230/26/2014 2014, LaVM, EV 319/2014