Public Business Support and Funding

TABLE OF CONTENTS PREVIOUS CHAPTER A COMPANY'S LOCATION AND BUSINESS PREMISES NEXT CHAPTER If real estate or a housing unit is purchased, the buyer be- comes the owner. In Finland, the right of ownership is pro- tected by the constitution, and it can only be taken away from the owner or their heirs following procedures defined specifically in the legislation. In practice, this may take place if, the property is redeemed by the state or munici- pality for full compensation. Leasing is always a fixed-term arrangement and, therefore, not a permanent solution. However, leases of real prop- erties are also covered by legal protection and the rights and obligations are prescribed by law. A lease-agreement is binding on the contracting parties, but it may also be binding on a third party. Therefore, the right to lease land, for example, is also binding on the new owner of the prop- erty if it is sold. A lease agreement on a housing unit is also binding on the new owner of the unit until the owner terminates the lease agreement. Before concluding a rental agreement or sales contract, it is important to determine the suitability of the premises for your line of business and the need for any type of per- mits (for example building- or environmental permits). Depending on your line of business, other arrangements and modifications may be needed - for example, if the air conditioning solutions are not sufficient. If you are plan- ning on building a new property for business operations, contact your local Building Control Department for more information and guidance before signing any agreements. MORE INFO More about vacant premises and business environments: Local Regional Business Development Real estate for business 55

View entire presentation