What does it mean?
A bostadsrättsförening (BRF) is an economic association that owns one or more properties where members hold cooperative housing rights. The association is governed by a volunteer board elected at the annual meeting. The board is responsible for the association's finances, maintenance plan, and decisions regarding subletting and renovations.
Members pay a monthly fee covering shared costs: heating, water, waste management, insurance, property management, and loan payments. A well-managed BRF has a long-term maintenance plan, sound finances with low debt, and clear bylaws. When purchasing a cooperative apartment, it's equally important to review the association's annual report as the apartment's condition.
Key Points
- Economic association that owns the property — members have usage rights
- Governed by a volunteer board elected at the annual meeting
- Monthly fee covers shared costs and association loans
- Board decides on subletting, renovations, and bylaw changes
- Association finances and debt levels affect fees and property values
Practical Tip
Before buying a cooperative apartment — always read the association's annual report and maintenance plan. High debt and planned pipe replacements can lead to significantly increased fees. If you plan to sublet, apply to the board well in advance.
Legal Basis: Cooperative Housing Act (1991:614)