Can a property purchase be rescinded?
Yes, for a material defect or the seller's delay, but rescission must occur within one year of possession unless the seller acted with gross negligence or contrary to good faith.
What the source says
- Chapter 4 section 12 of the Land Code: rescission for a material defect within one year of possession.
- Chapter 4 section 12: the period does not apply where the seller acted with gross negligence or bad faith.
- Chapter 4 section 25: the buyer's remedies for the seller's delay in handing over.
Source rows
- JB 4 kap.SFS 1970:994, 4 kap. · The general courts decide disputes · Retrieved 2026-08-20
For the owner, landlord or seller
Disclose known defects in writing, disclosure affects both the defect test and rescission.
For the tenant, buyer or client
The materiality threshold is high, a price reduction is the more common remedy.
Next step
Read rescission together with the complaint period for hidden defects, the deadlines run in parallel.
The page states what the source says under the stated conditions. It is not advice in an individual matter.
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