A loophole in the law has allowed rental buildings to be converted into condominiums without tenants voting. One such conversion is underway on Södermalm in Stockholm amid criticism. The government will tighten the rules from July 1.
A loophole in housing law has enabled conversions of rental buildings into condominiums without requiring tenants' votes. The government aims to halt such conversions lacking tenant influence, tightening rules from July 1.
A building on Södermalm in Stockholm is now undergoing such a conversion despite controversy. Bengt Öhman, a lawyer at Hyresgästföreningen, warns: "The future condominium owners will pay the price for this sham conversion."
The property owner rejects the criticism and defends the process. Critics argue tenants lose influence, while the upcoming rule change is expected to prevent future cases.
