You own your property jointly
If you are a member of a private housing cooperative, you own the property together with the other members of the cooperative as a result of your membership of the housing cooperative. The cooperative therefore owns the property, and you as a member own a share of the cooperative and the right to use your apartment.
LKAB will buy the housing cooperative's property for the total value of the individual apartments that make up the cooperative. However, before LKAB can purchase the entire property and before an agreement can be signed, each individual apartment has to be assessed. Therefore, LKAB wishes to have a dialogue with both you as an apartment owner, and with the housing cooperative as a whole, as represented by the board.
In order for a sale to be completed, the housing cooperative must sign a declaration of intent with LKAB. This states that LKAB and the housing cooperative will work together towards a common goal – a sale of the property to LKAB. The declaration of intent is not a legally binding document.
The initial meeting
In plenty of time before the mining affects the existing buildings and your property, you will receive information on when you will be affected by the urban transformation. We understand that you will have a lot of questions. Thoughts about when you will be affected, where you will go and how the move will work are completely natural and we will respond as best we can.
LKAB will hold regular information meetings and maintain a close dialogue with those of you affected, both with you directly as the apartment owner and with the board of your housing cooperative. An urban transformation manager from LKAB will contact you to arrange an initial meeting.