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The rents of Turku Student Village Foundation apartments will not be raised for 2024

By 26.10.2023No Comments

Turku Student Village Foundation will not raise the rents of its apartments for 2024. Rents for TYS’s apartments have been determined on a cost basis in accordance with ARA’s instructions and regulations.

According to the cost principle, tenants may be charged rent for a residential apartment up to the amount required, among other income, to finance rental housing and related premises and to maintain expenses in accordance with good property management. The foundation’s finances are directly dependent on the occupancy rate of the apartment rentals. The target for 2024 is an economic occupancy rate of approximately 97%.

The Foundation’s total budgeted income for 2024 is just over 29.9 million euros. Housing rents make up the bulk of the income. The remainder includes other rental income (e.g. parking space and other rental property rents), user fees (e.g. furniture and laundry room fees) and other income (e.g. office fees).

The service fees will remain unchanged, Haliskylä will transition to consumption-based water billing

Parking space and storage rents, as well as furniture fees and other user fees, remain unchanged. Sauna shifts remain a service included in the rent. The use of the laundries will be charged separately, and the laundry charges will remain the same as in 2023. No changes will be made to the contract fee either, meaning that all new leases will be charged 60 euros.

The Haliskylä apartments will transition to consumption-based water billing starting 1st of January 2024. Water will no longer be included in the rent, but will instead be billed based on consumption. Tenants of the Haliskylä apartments have been informed about the changes to their rent and billing criteria via email.

In accordance with the provisions on shared management in rental housing, the tenant committees have also had an opportunity to give their opinion on the budget.

TYS tenants have received a bulletin about 2024 rents via email. Rental invoices for 2024 will be sent to all tenants in December.