How to buy a tenant-owned apartment

Submit an interest notification for our planned projects

Here at JM, you have the possibility of buying a tenant-owned apartment that is in the planning stage of a pending build. Submit an interest notification for the homes that you want to know more about already before they are put on the market by clicking the “Submit interest notification” button on each project page on the website.

Do you want a valuable head start when buying a tenant-owned apartment that there might be a lot of interest in? Become a VIP customer and get the chance to reserve a home before it is put on the market. You will have the opportunity to see everything from layouts to price information and attend VIP showings before everyone else. You will also receive information eleven times a year about our projects that are open for VIP sales. After the VIP sales period has opened, you have fifteen days to submit a purchase notification. Register to become a VIP customer here (page in Swedish).

Processing of your purchase notification

The purchase notifications for tenant-owned apartment that are sold  through VIP sales are processed in the order of the date of registration as a VIP customer. When you are contacted by the responsible agent, you may choose from the homes that you submitted a purchase notification for and that are available to you.

Public sales

Once we have processed the purchase notifications for tenant-owned apartments from our VIP customers, the remaining apartments are then offered to the general public. The status of the housing project is then changed from VIP Sales to For Sale.

Sign a reservation agreement

Once you have decided to buy a tenant-owned apartment, you sign a reservation agreement with JM. In conjunction with this, we assess whether your circumstances enable you to buy the tenant-owned apartment and handle the housing costs related thereto. Once both parties have signed the reservation agreement, the home is reserved for you in accordance with the conditions set out in the reservation agreement.

Pay the reservation fee

In conjunction with signing the reservation agreement, you pay a reservation fee of SEK 20,000 online via Swish or by debit/credit card. In other cases, the fee is paid via bank giro.

If you choose to not enter into a binding agreement, the reservation fee will be refunded to you, minus an administration fee of SEK 7,000 and JM will reserve the right to assign the residence to another buyer.

Sign the preliminary contract

A preliminary contract is an agreement between you and the tenant-owners association and commits you to purchasing the tenant-owned apartment. Before the association has signed the preliminary contract, your financial circumstances are assessed to ensure that you can bear the costs of buying the tenant-owned apartment.

JM is involved by certifying to the tenant-owners association that you are the one buying the tenant-owned apartment. In conjunction with the preliminary contract, you pay an advance of SEK 100,000 to the association, including the SEK 20,000 you paid as the reservation fee.

Sign the tenure agreement

After your tenant-owners association has prepared an economic plan and received authorization to sell tenant-owned apartments, you and the association must sign a tenure agreement. Before the association signs the agreement, it assesses whether to accept you as a member in the association based on your financial capacity for buying the tenant-owned apartment.

In conjunction with the tenure agreement, you make a partial payment of SEK 100,000, which is offset by the previous reservation fee and advance payment. The next partial payment of 10 percent of the price of the home is normally paid four months prior to the date of occupancy.

Security package

You should feel secure when buying a tenant-owned apartment. In order to avoid stress, JM offers a security package that in part provides insurance against double housing costs. Read more about JM’s security package here (in Swedish).

The fixed interior, JM Original, has been composed by our skilled interior designers and focuses on good design, smart functions, and sustainability. If you buy a tenant-owned apartment at an early stage in the build, you have the possibility of adding a personal touch to your apartment. The options vary from project to project, but often you can decide on things like the floors, counters, kitchen cabinet doors, and tiling. An interior designer is available to help you with your choices from both an aesthetic and a practical perspective. Read more about interior choices here (in Swedish).

Ongoing information from JM

Prior to occupancy of your purchased tenant-owned apartment, you will receive ongoing information from us. This information will be sent as emails, but we will also hold informational meetings at which you can ask questions and meet your new neighbors. You can even follow the project online.

Inspection

When you have decided to buy a tenant-owned apartment from us, your apartment will always undergo a thorough final inspection by an independent inspector before occupancy. Any remarks are then rectified at no charge. Click here to learn more about the inspection (in Swedish).

Final payment and occupancy

You will be informed about your final occupancy date no later than four months prior to occupancy. On the occupancy date, you must have paid the entire contract sum as well as for any interior options. You present the receipt from the transaction, and you receive your keys and can move into your new home!

Craftsman assistance

When you purchase a tenant-owned apartment from JM, you always receive two hours of craftsman assistance. For example, you can get help to put up shelving or drill holes in the ceiling to hang a lamp. To get the most out of this service, you should prepare by marking where you want the craftsman to work and have purchased necessary materials (such as nails).

Warranty inspection

Two years after occupancy, your new tenant-owned apartment will undergo a warranty inspection, the aim of which is to identify any faults that need to be resolved. If the inspector finds something that needs to be resolved, this is naturally done at no cost to you.