Ivar Tollefsen's rental property purchase is under review.

Ivar Tollefsen is an apartment with about 40,000 apartments. There are 4,000 in Oslo. He is the largest residential owner in Norway since the city of Oslo today. He has worked in a clever way. According to the wealthy people of Capital 400, he is Norway's 12th richest and has 20 billion properties.

However, according to DN, his company, Fredensborg AS, did not report on the purchase of townhouses so that the municipalities in Oslo could use the pre-emptive rights. Purchases for billions of dollars would have been under authorities' radar.

Now the real estate and city renewal agencies in Oslo City are investigating real estate owners of many rental homes in Oslo.

Also read: Ivar Tollefsen acquires 50% of leasing agents

20 billion

Ivar Tollefsen is an apartment with about 40,000 apartments. There are 4,000 in Oslo. He is the largest residential owner in Norway since the city of Oslo today. He has worked in a clever way. According to the wealthy people of Capital 400, he is Norway's 12th richest and has 20 billion properties.

However, according to DN, his company, Fredensborg AS, did not report on the purchase of townhouses so that the municipalities in Oslo could use the pre-emptive rights. Purchases for billions of dollars would have been under authorities' radar.

Now the real estate and city renewal agencies in Oslo City are investigating real estate owners of many rental homes in Oslo.

Also read: Tollefsen expands in Denmark – over 1 billion

A central lover

Central is the two laws that give residents the opportunity to buy affordable housing.

Leiegårdsloven is one of two central laws. Local governments say they have a pre-emptive right when they are sold on behalf of farms, student communities, or people who are sold on their behalf. To use preemption, more than half of the tenants must vote and receive funding to purchase the entire farm.

However, buyers and sellers must report to the municipality in order for this to happen. Professor Kåre Lilleholt of the University of Oslo, a Norwegian expert on housing law, said that pre-emptive rights remain until the end of the day when DNO is given the right to vote.

The second law, the Ownership Act, is where preemptive rights are regulated. According to the law, the buyer / owner of the farm must notify the tenant of the right of preemption and the property can be purchased at 20% below the market price.

Also read: Ivar Tollefsen buys 131 in the Netherlands.

Be unconscious

Ivar Tollefsen reported that 20 townhouses and a two-digit tenant with 1136 apartments in Oslo did not receive this offer.

Since 2000, 584 rental properties in Oslo have been sold, reported to the City of Oslo as a pre-purchase case. The paper notes that few of the rental houses were found on the list of occupancy cases reported by Ivar Tollefsen's real estate company, Fredensborg.

Fredensborg acknowledges that some parts of the purchase should have been reported, but not all.

– In the case of the sale of a company that owns a lease, unfortunately I forgot to report the transaction to the Oslo municipality. "Tollefsen's personal assistant Anders Tveter told the paper.

He added that they will look at how they can rectify the problem, but claiming that it was done consciously is an unfair act of his own.

It is unclear how Fredensborg's results are based on this paper.

The paper also wrote that Ivar Tollefsen does not want Kai Sjøvold to interview his right hand for so many years.

This case was first published in Hegnar.no.