Apartment association · Tartu linn
Lao tn 2a apartment association
Tartu linn, Lao tn 2a korteriühistu (registry code 80001858) manages a 3-storey brick building built in 1918 with 21 flats. According to its 2025 annual report, the association's long-term liabilities were €127,341 (€147 per m² of flat space) and it held €12,894 in cash. Long-term liabilities have fallen 28% since 2019.
Board
- EKErlend Kangurboard member8 years 9 months
- KLKerli Leetsaarboard member2 years 9 months
- MBMartin Bekboard member5 years 3 months
- House conditiongood
- age, energy class and works done
- Loan affordabilityaverage
- loan vs the association's annual income
- Cash buffergood
- cash next to the loan, 3-year average
- Managementaverage
- reports filed on time
Building
- Built
- 1918
- Storeys
- 3
- Construction
- brick
- Flats
- 21
- Lift
- no
- Heating
- district heating
- Renovated
- yes
Works on the building
per the building register
- A
- B
- CCvalid until 30.01.2031
- D
- E
- F
- G
- H
Compared with similar buildings: Tartu linn, built 1913–1923 (17 associations).
Finances by year
Loan principal repayment is an estimated €0.77 per m² of flat space a month, about €39 a month for a 50 m² flat (interest not included) — more than 75% of associations repaying a loan. The median is €0.52 in Estonia and €0.66 in Tartu linn. At the current pace the loan will be repaid around 2041.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €127,341 | €13,736 | €12,894 | €13,101 | €0 |
| 2024 | €136,578 | €10,799 | €3,446 | €18,691 | €0 |
| 2023 | €145,037 | €9,107 | €1,897 | €16,551 | €0 |
| 2022 | €151,698 | €9,911 | €4,146 | €11,784 | €0 |
| 2021 | €159,258 | €10,766 | €8,215 | €12,522 | €1,906 |
| 2020 | €168,312 | €11,117 | €7,868 | €11,287 | €1,907 |
| 2019 | €177,920 | €9,352 | €9,125 | €87,020 | €1,756 |
Compared with similar buildings (Tartu linn, built 1913–1923; 17 associations), long-term liabilities per m² of flat space are higher than 88% of them. The median for buildings with a loan is €61/m².
Flats in this building
No flat in this building has been for sale or rent in the last 12 months.
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Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| D | Eha tn 321977 · 4 flats | €0 | €3,255 | 2025 |
| C | Tähe tn 221977 · 6 flats | €0 | €15,575 | 2025 |
| B | Tähe tn 24 // 261977 · 2 flats | €12,023 | €7,560 | 2025 |
| B | Eha tn 301977 · 6 flats | €67,393 | €1,436 | 2025 |
| D | Eha tn 391928 · 8 flats | €7,801 | €8,792 | 2025 |
| E | Eha tn 35 // 371977 · 4 flats | €0 | €55 | 2025 |
| – | Salme tn 21911 · 8 flats | €2,199 | €8,108 | 2019 |
| – | Tähe tn 211977 · 6 flats | €0 | €7,640 | 2021 |
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €127,341 of long-term liabilities. The report's key figures do not separate a bank loan from a renovation grant — the association's own statement gives the exact loan balance.
How much cash does the association have?
At the end of 2025 the association held €12,894.
When was the building built?
According to the building register, it was first used in 1918 and has 3 storeys.
Who is on the association's board?
According to the business register, the board members are Erlend Kangur, Kerli Leetsaar, Martin Bek (board since 06.01.2018).
How is the association grade calculated?
The A–E grade is built from public data and compares the association with all apartment associations in Estonia. House condition (40%) takes the building's age into account – a new house needs no renovation – along with the energy certificate and the works on the building that its flats' sale ads describe (sellers' and brokers' unverified claims) – the more works (facade, roof, pipes, heating and so on), the better; in an older building, a loan taken for renovation also counts as investment. Loan affordability (30%) shows how many years of income the long-term liabilities equal – up to three years is entirely normal. Cash buffer (10%) is cash per m² of flat space averaged over the last three year-ends: without a loan a bigger buffer is better; with a loan a moderate one is enough. Management (20%) shows whether the last three years' reports were filed, and on time, with extra points for a professional manager. A loan is not bad in itself: in an older building it usually means the house has been renovated. The grade is updated weekly.
Where does the data come from?
Finances: business register open data (annual-report key figures, 2019–2025). Building: building register. Flats on offer: Leiamaakler.ee data from the property portals.