Principles on determining the rent. Joensuun Kodit Oy is a so-called non-profit corporation. The company operates in compliance with the legislation on state-subsidized housing loans (ARAVA loans) and with the Act on the Use, Assignment and Redemption of State-Subsidized Rental Dwellings and Buildings (1190/1993) according to a cost recovery principle. Tenants are charged a rent which does not exceed the amount needed, in addition to other income, to cover expenses arising in financing the dwellings and connected premises, and in sound property management. The rent is comprised of capital expenditure and maintenance expenses. Capital expenditure includes loan interests and amortizations, annual payments and depreciations. Management expenses include housing management and administrative costs, reserves for repairs, and land leases and taxes on real property. Maintenance expenses arise from electricity, water and sewage, heating, waste management, repair and upkeep, maintenance of outdoor areas, maintenance services, insurances and, to a small degree, from resident activities. Capital expenditure has been divided up within the company. Maintenance expenses are building-specific. With respect to location, the rents have generally been evaluated so that the closer a building is to the city centre the higher the rent per square meter. With respect to flats, the evaluation is generally based on the principle that the rent per square meter is highest for studios and lowest for large family flats. Tenants are notified in writing of any changes in the rent and the reasons for them. The new rent comes into force not earlier than two months after the beginning of the month following the notification. MAINTENANCE RESPONSIBILITY TABLE JNS KODIT RESIDENT RESPONSIBLE RESPONSIBLE TO ITEM TO ARRANGE ARRANGE AND PAY NOTE LOCKS, KEYS Lock maintenance and repair X Obtaining additional keys X X Jns Kodit arranges, resident pays Rekeying a lock (caused by a resident, e.g. by losing a key) X Jns Kodit arranges, resident pays Security lock installation and maintenance X Only by permission of Jns Kodit, to be left in place when moving DOORS Exterior doors to flat X Names on doors X Peephole X Only by permission of Jns Kodit, to be left in place when moving Interior doors X Resident pays for a broken door
