JYY Board’s Principle Decision on Implementing a Dual Rent Model in Soihtu’s Privately Financed Apartments at Soihtu Vehkakuja and Soihtu Korttelikylä
On October 29, 2025, the JYY Board issued a principle-level policy decision to begin preparing a new rent determination model, referred to as the “dual rent model,” for Soihtu’s privately financed housing units located in Korttelikylä and Vehkakuja.
Implementing the new rent model will require changes to the tenants’ lease terms. The final responsibility for the implementation and its schedule lies with the boards of Soihtu Korttelikylä and Soihtu Vehkakuja, i.e., JYY’s Business Management Board, which will make decisions during the spring of 2026.
Key impacts of the dual rent model on tenants:
Rents for privately financed apartments (Soihtu Korttelikylä and Soihtu Vehkakuja) will be increased closer to market levels.
JYY members’ rent will remain unchanged except for regular annual rent increases, as members receive a rent discount based on their membership. In shared apartments, it is sufficient that at least one tenant is a JYY member to qualify for the discount.
Why is the change being made?
According to the guidance of the Student Union Representative Council, Soihtu’s mission is to provide housing services for JYY members and generate funding for member activities. Privately financed housing units are a key part of a long-term plan to increase revenue.
How will the change be implemented?
- Changes to lease terms will be prepared and approved by the boards of Soihtu Korttelikylä and Soihtu Vehkakuja during 2026.
- Tenancy will continue after a six-month transition period if the tenant accepts the new lease terms.
- The full implementation of the dual rent model will take place at a later date to be announced.
- Current tenants who are students may continue living in their current apartments at a discounted rate until they graduate.
- Tenants who are not students may continue living in their apartments after accepting the new lease terms, which allow rent to be adjusted closer to market levels.
“The goal of the dual rent model is to ensure that JYY members can continue to live affordably. This way, we can provide added value to JYY members for their membership fee, while responsibly and sustainably developing the potential of privately financed housing units,” summarizes Jaakko Pelkonen, CFO of the JYY Group.
The decision to prepare the dual rent model applies specifically to Soihtu’s privately financed housing units at Soihtu Korttelikylä and Soihtu Vehkakuja. It does not apply to the Soihtu Kortepohja Student Village housing units.
For more information about the decision and its background, please contact Soihtu’s Managing Director Timo Lahtinen timo.lahtinen@soihtu.fi or Chief Real Estate Officer Kimmo Moilanen, kimmo.moilanen@soihtu.fi.
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