asunto-osakeyhtiö

asunto +‎ osakeyhtiö

• IPA^(key): /ˈɑsuntoˌ(ʔ)osɑkeˣˌyhtiø/, [ˈɑ̝s̠un̪t̪o̞ˌ(ʔ)o̞s̠ɑ̝k̟e̞ˌ(ʔ)yçt̪iø̞]
• Rhymes: -yhtiø
• Syllabification^(key): a‧sun‧to‧o‧sa‧ke‧yh‧ti‧ö
• Hyphenation^(key): asunto‧osake‧yhtiö

asunto-osakeyhtiö

1. (law) A housing company; a legal entity, peculiar to Finnish law, for ownership and management of a residential building in which real property is owned jointly by a limited liability corporation and the right to control and use each unit is tied to ownership of a particular set of shares; quite close to condominiums in the United States.

   Synonyms: taloyhtiö (more common in everyday use), as.oy (abbreviation)

• asunto-osakeyhtiö is the official Finnish term for this concept. The official translation into English is "limited liability housing company". However, the term appears to be unknown in the English-speaking part of the world. By contrast, the shorter translation "housing company", also used by Finnish sources, has also been used by non-Finnish sources.
• While the individual units (often flats/apartments) are not technically directly owned by the people who live in them (who instead, however, have the exclusive right of occupation in them), the units are still nevertheless considered owner-occupied for most purposes.

• asunto-osuuskunta
• kiinteistöosakeyhtiö
• osakehuoneisto

• “asunto-osakeyhtiö”, in Kielitoimiston sanakirja [Dictionary of Contemporary Finnish]‎^[1] (in Finnish) (online dictionary, continuously updated), Kotimaisten kielten keskuksen verkkojulkaisuja 35, Helsinki: Kotimaisten kielten tutkimuskeskus (Institute for the Languages of Finland), 2004–, retrieved 2 July 2023