Updated 23 March 2026
We wish to extend our warmest thanks to our customers for their tenancy. We are pleased that, also going forward, the lessor will be a stable and professional real estate investor who values the resident experience.
Will the transaction affect my rental agreement?
The transaction has no effect on your rental agreement or its terms and conditions. The rental agreement and its terms and conditions will remain unchanged when the housing stock transfers to the new lessor.
I have paid a rental deposit, but Lumo does not require a rental deposit. Will the rental deposit be refunded or transferred to the new owner?
The rental agreement and its terms and conditions will remain unchanged when the housing stock transfers to the new lessor. If your agreement includes a rental deposit, it will be transferred to the new lessor.
What do I need to do?
The rent payment details will change as of 1 May. The new lessor will send new rent payment details to each customer. Rents will be paid in accordance with the new payment details beginning with May’s rent. April’s rent will be paid to Varma as usual.
The parties that are responsible for property management and maintenance will change as of the beginning of April, at the same time as the lessor changes. Your new building manager will inform you where you can report faults and other property maintenance matters.
How do I contact the new building manager?
A new building manager will take over responsibility for the building; their contact details and instructions for accessing the electronic My Lumo service for residents will be provided at a later date.
Does the change apply to Varma’s commercial tenants?
The changes apply to our residential investment business and residential investment properties, where we also have commercial tenants. The change does not apply to Varma’s commercial properties. Tenants who are affected by the change have been informed.
Why is Varma selling its residential properties?
Varma continues to invest in residential properties as a major shareholder of Kojamo, the parent company of Lumo Kodit. We have assessed our entire investment portfolio to determine the best way for us to invest in the Finnish housing market, given the upcoming pension reform. We are pleased that the housing stock will continue to be managed by a stable and professional real estate investor.
What is the new owner like? Where can I find information on the new owner?
You can read about Lumo Kodit on their website