Pärnu linn, Männi tn 5 // 7 // 9 korteriühistu
Association of 23 flats. Loans have grown; sharp rise in association fees: +1 362% (2024); small reserve capital.
Männi tn 5 // 7 // 9 korteriühistu is a 23-flat apartment association in Pärnu linn, Pärnu linn (3 buildings). Per its 2024 annual report, a typical flat paid the association €159 a month.
The repair fund held €222 616 at year end (€173/m², ≈ €9 679 per flat); in 2021 it was €11 822 — highest quarter locally. The association has a loan of €641 533 (≈ €27 893 per flat), last repayment 2054. Member fees rose 2 019% in 2021–2024 (€23 848 → €505 236 a year).
There are 9 associations with reports on the same street and within 500 m; their median is €3.08/m² a month in costs and €5/m² of repair fund. The board's report mentions: KredEx/tervikrenoveerimise projekt. Source: the association's annual reports (e-Business Register), floor area from the Building Register.
The association manages: Männi 5, Männi 7, Männi 9, Pärnu linn. Data: the association's annual reports 2021–2024 (e-Business Register), the latest for 2024.
All figures: the association's 2024 annual report; €/m² = per m² of flats (1 289 m², Building Register); "a month" = yearly amount ÷ 12.
What an owner pays the association each month in total, usually including heating, water and electricity.
The association's own charges without utilities: upkeep, management, repair fund, loan.
Money saved for future repairs. A bigger balance means less risk of a sudden extra charge.
The association's joint loan (usually for renovation). Repayments are part of the monthly fees.
! Worth watching
- Loans have grown€11 944 → €641 533 (2021–2024)
- Sharp rise in association fees: +1 362% (2024)€34 550 (2023) → €505 236 (2024)
- Small reserve capital€2 850 — less than one month of costs (€82 510)
✓ Strengths
- Large repair fund€173/m² — highest quarter locally
Flags are taken from the association's management report.
Location and neighbouring associations
Associations on the same street and within 500 m, each by its latest report. The large dot on the map is this association. All associations and rankings in the area →
Compared with 9 neighbouring associations (median): total costs €3.08 · fees €1.11 · repair fund €5/m² (here €173)
On the same street: Männi tn
| Association | Distance | Flats | Total owner costs €/m²/mo | Association fees €/m²/mo | Repair fund balance €/m² | Loan balance | Year |
|---|---|---|---|---|---|---|---|
| Männi tn 5 (this one) | – | 23 | – | – | €173 | €641 533 | 2024 |
| Männi tn 21 | 540 m | 12 | €2.04 | €0.55 | €16 | no | 2025 |
| Männi tn 23 | 590 m | 30 | €2.47 | €1.13 | – | no | 2025 |
| Männi tn 25 | 590 m | 32 | €3.12 | €1.53 | – | €38 648 | 2025 |
| Neighbours' median | €2.47 | €1.13 | – |
Nearby (within 500 m)
| Association | Distance | Flats | Total owner costs €/m²/mo | Association fees €/m²/mo | Repair fund balance €/m² | Loan balance | Year |
|---|---|---|---|---|---|---|---|
| Männi tn 5 (this one) | – | 23 | – | – | €173 | €641 533 | 2024 |
| Raba tn 6b | 390 m | 55 | €2.97 | €0.33 | €5 | €264 186 | 2025 |
| Ilvese tn 32 | 410 m | 36 | €3.04 | €0.37 | €8 | no | 2025 |
| Oja tn 37 | 430 m | 40 | €5.15 | €2.86 | – | €613 390 | 2025 |
| Oja tn 35 | 450 m | 40 | €4.14 | €1.11 | €2 | €92 411 | 2025 |
| Oja tn 29 | 460 m | 44 | – | €4.49 | – | €1 582 508 | 2025 |
| Oja tn 33 | 490 m | 31 | €3.90 | €1.07 | €1 | €206 645 | 2025 |
| Neighbours' median | €3.90 | €1.09 | €3 |
What owners pay for
Fees by type in 2024, as written in the report. "Average flat" = amount ÷ 23 flats ÷ 12; a bigger flat pays more.
| Fee | What it covers | Per year | €/m²/month | Average flat / month | Year before |
|---|---|---|---|---|---|
| Hooldustasudday-to-day upkeep and small fixes | day-to-day upkeep and small fixes | €2 354 | €0.15 | €9 | €2 324 |
| Remonditasudsaved in the repair fund for future works | saved in the repair fund for future works | €497 070 | €32.14 | €1 801 | €31 695 |
| Intressimaksedrepays the association's loan and interest | repays the association's loan and interest | €5 812 | €0.38 | €21 | €531 |
| Total | €505 236 | €32.66 | €1 831 |
Fee names as written in the report.
Association fees per year
All flats together, excluding utilities.
Repair fund and works
The repair fund is the association's savings for the roof, pipes, façade and so on. When it grows, more is saved than spent; when it shrinks, the money has gone into repairs.
Repair fund balance
Saved and not yet spent, at year end.
Money in and out
When the collected bar is taller the fund grew; when spending is taller, savings were used.
Repair fund at the end of 2024: €222 616 = €173/m² ≈ €9 679 per flat
Works done, per the reports
Loans
An association loan is shared by all owners: when a flat is sold, its share stays with the building, not the seller. That is why a buyer should know the balance and the end date.
€641 533 outstanding at the end of 2024 ≈ €27 893 per flat
Principal due in the next 12 months €11 414 ≈ €951 a month (€41 per flat, plus interest)
| Lender | Balance | Rate | Ends |
|---|---|---|---|
| LHV | €641 533 | Euribor + 1.29% | 2054-07 |
Loan balance at year end
Lower bars = the loan is being repaid.
All figures by year
The last column is the change from the first year to the latest: green = good news for owners, orange = a cost or risk is growing.
| 2024 | 2023 | 2022 | 2021* | Change | |
|---|---|---|---|---|---|
| Association fees per year | €505 236 | €34 550 | €7 047 | €23 848 | ×21.2 |
| of which repair fund | €497 070 | €31 695 | €4 350 | – | ×114.3 |
| Collected into the repair fund | €9 179 | €9 179 | €4 153 | – | +121% |
| Repair spending | €987 486 | €32 227 | €4 723 | €20 362 | ×48.5 |
| Repair fund balance | €222 616 | €27 071 | €33 708 | €11 822 | ×18.8 |
| Loan balance | €641 533 | €7 060 | €9 496 | €11 944 | ×53.7 |
| Cash | €407 474 | €27 991 | €34 469 | €13 534 | ×30.1 |
| Reserve capital | €2 850 | €2 850 | €1 503 | €1 503 | +90% |
| Association expenses (income statement) | €990 117 | €35 237 | €6 790 | €23 961 | ×41.3 |
| Result for the year | −€78 | −€681 | €481 | −€44 | – |
* from the comparative column of the following year's report.
Cash at year end
Money in the bank (incl. the repair fund).
Board's management report
Short summary of the 2024 report.
Aruandes märgitud tähelepanekud: KredEx/tervikrenoveerimise projekt.
members: 23 private.
See also
Frequently asked questions
What are the running costs of the Männi tn 5 apartment association?
Per the association's 2024 annual report: a typical flat paid €159 a month; member fees of €505 236 a year in total.
How big is the repair fund of the Männi tn 5 apartment association?
The repair fund held €222 616 at the end of 2024 (€173/m², ≈ €9 679 per flat). In 2021 it was €11 822. Compared with Rääma linnaosa, Rääma subdistrict: highest quarter locally.
Does the Männi tn 5 apartment association have a loan?
Yes. The loan balance at the end of 2024 was €641 533 (≈ €27 893 per flat), Euribor, last repayment 2054. The loan stays with the building when a flat is sold; repayments are part of the monthly fees.
Have the fees of the Männi tn 5 apartment association gone up?
Member fees totalled €23 848 in 2021 and €505 236 in 2024 — a change of +2 019%. Latest year: +1 362% vs 2023.
How does the Männi tn 5 apartment association compare with neighbouring buildings?
There are 9 associations with reports on the same street and within 500 m. Their median: total costs €3.08/m² per month; repair fund €4.50/m² (here €173/m²).
How big is the Männi tn 5 apartment association and who manages it?
23 flats, 3 buildings. Registry code 80470843; reports 2021–2024 (e-Business Register).
Terms in plain words
- Total owner costs (€/m² a month, incl. utilities)
- Everything owners paid the association (the report's flat table), heating, water and electricity included, divided by the flats' floor area and 12 months. Closest to what an owner actually pays each month.
- Association fees (€/m² a month, excl. utilities)
- The association's own charges — upkeep, management, repair fund, loan, insurance — without utilities, per m² of flats a month.
- Typical flat per month (€ a month)
- The median flat's yearly charge in the report's flat table, divided by 12. Half of the flats pay more, half less.
- Repair fund balance (€ at year end)
- Money saved for future repairs and not yet spent, at the end of the financial year.
- Repair fund balance (€ per m² of flats)
- The repair fund balance divided by the flats' floor area, so buildings of any size compare. Not a monthly charge.
- Repair-fund charge (€/m² a month)
- The part of the fees that goes into the repair fund.
- Loan balance (€ at year end)
- The unpaid part of the association's loan at year end. It stays with the building when a flat is sold; repayments are part of the monthly fees.
- Association fees per year (€, all flats together)
- The same charges as a yearly total for all flats (the report's "member fees").
- Association expenses (income statement) (€ a year)
- The association's own expenses for the year per its accounts (upkeep, management, repairs, interest). Not the same as the owners' "total owner costs".
- Reserve capital (€)
- The association's buffer for unexpected costs. By law at least 1/12 of its budgeted annual costs.
- Cash (€ at year end)
- Money in the bank at year end, the repair fund included.
- Result for the year (€)
- Income minus expenses. An association is not for profit: a small plus or minus is normal; several large losses in a row mean costs are paid from reserves.
We read the association's reports, meeting decisions and the price, and tell you what to watch.
Source: apartment association annual reports (e-Business Register); floor area: Building Register. Figures are machine-read from the reports and may contain reading errors — check the original report in the e-Business Register before deciding. How the figures are made (methodology) · Checklist before buying. Flats' floor area 1 289 m².