Are there any other registers or sources of information that it is usual to search when buying a property or lending money on mortgage? For example:
- The cadastre
Information regarding real estate formation (formation date, sort of real estate etc.) and physical (area land/water etc.) and legal extent (servitudes, existing local detailed plan or local master plan etc.) of real estate is contained in the Finnish Cadastre.
- Business registers
Information regarding companies (board members, right to write the company’s name, articles of association, amount of shares emitted, possible bankruptcy etc.) is contained in the Finnish Trade Register.
- Insolvency registers
Information regarding insolvency of companies (applications, decisions etc.) is contained in the Finnish Register on Bankruptcies and Reorganisation. Information regarding insolvency of natural persons (applications, decisions, payment schedules etc.) is contained in the Register on Restructuring Private Debts.
- Registers or information held by municipalities or other local authorities
The municipal building supervision authorities maintain registers containing the building ordinances (detailed physical demands on buildings etc.), local detailed plans (building restrictions, purpose of use for buildings, permitted building volume etc.) and local master plans (building restrictions, purpose of use for buildings, permitted building volume etc.).
- Information held by utility providers (water, drainage, sewage, electricity etc)
Information regarding these subjects (water pipes and systems, drainage systems, sewage systems, electricity systems and costs in relation thereto etc.) may be provided by the utility providers and in some cases also by the municipalities depending on where the object of sale or mortgage is situated.
- Flood risk registers
There are no such registers since floods are quite rare in Finland.
- Deeds not registered in the land register (how are these discovered?)
Relevant deeds that usually are not registered in the land register (agreements regarding water, drainage, sewage and electricity, service agreements, insurance agreements and certain lease agreements etc.) are usually delivered to the relevant party by the seller or some other party obliged thereto either directly or indirectly by law or agreement.
- Tax authorities
The tax authorities may provide information on whether or not all relevant taxes (real estate taxes, transfer taxes etc.), including possible additional taxes, punitive taxes and tax increases, have been paid. Usually the seller or debtor represents and warrants in writing to the other party that all relevant taxes have been paid.
- Landlord/commonhold association/management company/community of owners (especially in the case of apartments)
Usually said sources function as parties in the transactions in question and it is not relevant to contact them separately. However, if the object of the transaction in question pertains to one of said sources indirectly (e.g. shares that entitle to possess certain premises in a building owned by one of said sources) it is usually relevant to contact said source in order to receive information about the object and/or source in question (economic situation, renovation need, redemption right etc.).
- Any others?
When the object of the transaction in question is a piece of real estate, it is possible, nowadays also quite common, that certain environmental investigations (soil, water, air etc.) have been made with regard to said real estate either by an authority or by the seller or some other party. Usually it is relevant to receive information about the results of said investigations. Usually the authority, seller or other party in question is obliged to deliver the results of such investigations to the relevant party either directly or indirectly by virtue of law or agreement.