The buyer's rights
The law offers protection to the non-professional buyer who purchases a property for residential use. The buyer thus benefits from a 10-day withdrawal period, once the compromise or the promise to sell has been signed (before August 8, 2015, this period was 7 days).
Many sales are concerned, in particular: the purchase of a property for residential use, the sale of a building to be constructed(Sheet 17: Sale in the Future State of Completion), and leasehold.
The law provides for two modalities allowing the buyer's withdrawal period to run:
The buyer can retract, by registered letter with acknowledgement of receipt, during this period of 10 days. If the period normally ends on a Saturday, a Sunday or a holiday, it will end on the next working day at midnight.
The buyer benefits from the withdrawal period after the signature of the compromise. He/she does not benefit from it a second time before thedeed of sale.
Note: when purchasing a property for commercial or professional use, or for both professional and residential use, the buyer does not benefit from a withdrawal period.
For deeds signed since August 8, 2015, the withdrawal period has been extended from 7 to 10 days.