The Swedish Supreme Court has delivered its judgment today in a case concerning the formal requirements in the Swedish Tenant-Owners Associations Act in connection with so-called preliminary agreements for newly produced tenant-owner properties.
The issue in the case related to how the statutory requirement relating to the “estimated date of the grant” should be construed. In its judgement, the Swedish Supreme Court stated that an estimated date for the grant can be specified as a time interval. The agreement in question specified a period of six months, which was thus deemed to fulfil the formal requirement according to the Swedish Tenant-Owners Associations Act. The Swedish Supreme Court’s judgement constitutes an important clarification for the real estate sector.
You can read the complete judgment here.