Frequently asked questions about applying for a rental home

In rental homes with asset limits, the selection of residents is based on assets, income and a needs assessment. Those with an urgent need for a home and who have the smallest assets and the lowest income are given priority.

Assets include, for example, real estate or an apartment owned by the applicant(s) as well as savings. The asset limit depends on the locality and the size of the applicant household.

If you are applying for a rental home to which an asset limit is applied, you must provide a statement on your need for a home and your assets. Assets are taken to encompass the applicant’s assets at the time of application.

If a rental home has income limits, it means that the selection of residents is based on the income of the applicant(s). The applicant’s assets or need for a home are not taken into account in these homes.

In practice, this means a maximum limit for your monthly income, defined by ARA, which you cannot exceed. In this context, income encompasses earned income and income from capital, including wages and wage supplements, pension and any rental and dividend income. If you are applying for a rental home to which an asset limit is applied, you must provide a statement on your income.

Yes. We lowered the security deposit for our rental apartments to 250 euros in rental agreements signed from February 1, 2024, onwards. The security deposit must pe paid before moving into the apartment. 

With the change, we aim to maintain a good occupancy rate of our apartments due to tightened housing market conditions. Maintaining the occupancy rate high is in the interest of all our residents when the costs of housing remain decent.  

The security deposit is one month’s rental payment in rental agreements signed before February 1, 2024. The change in the security deposit has no effect on previously concluded valid contracts, and previously paid larger security deposits will not be returned to residents in the middle of the contract period. 

The deposit according to the rental agreement will be returned to the resident when moving out, if no expenses must be withheld from the deposit to cover, for example, the final cleaning done by a cleaning company. 

In new builds, the prices are estimated prices until the prices are confirmed after the building is complete.

Yes, you must provide your Finnish social security number for the rental application.

We mainly conclude rental agreements valid until further notice. The rental agreement can be terminated as soon as it ends in accordance with the one-month notice period.

Your application for a rental home is valid for three months. If the rental home you have applied for is available or about to become available, we will send you an offer and agree on a showing with you.

Read more about applying for a rental home

The notice period is one month long. It is also possible to negotiate the notice period on a case-by-case basis if the exchange is taking place between rental properties.

Smoking is not allowed in the apartments nor on the balconies and terraces under contracts signed on or after 1 January 2021. All our newest buildings are completely smoke-free. In smoke-free buildings, smoking is only allowed in designated smoking areas.

Yes, pets are welcome with us!