Rewetting of drained fens is necessary to stop further soil degradation and to reestablish important ecological functions. However, substantial changes of peat characteristics in the upper soil layers, due to drainage and land use, could counteract their recovery as nutrient-poor systems for an unknown period. We assessed the importance of altered peat properties, such as the degree of peat decomposition and the amount of redox-sensitive phosphorus (P) compounds, for P mobilization in different degraded fens. An experimental design involving 63 intact peat cores from fens with varying drainage and land-use histories was developed to quantify the mobilization of P, as well as that of iron (Fe), ammonium, carbon dioxide, and methane, all indicators of organic-matter decomposition and/or P-releasing processes. We found that net P release rates in peat cores with highly decomposed peat (range: 0.1-52.3 mg P x m(-2) x d(-1)) were significantly correlated to the amount of P bound to redox-sensitive compounds and the molar Fe:P as well as Al:P ratios of peat. We conclude that the following general rules apply for P mobilization in rewetted fens: (1) elevated levels of P release rates and P concentrations in pore water up to three orders of magnitude larger than under natural reference conditions can only be expected for rewetted fens whose surface soil layers consist of highly decomposed peat; (2) peat characteristics, such as the amount of P bound to redox-sensitive Fe(III) compounds (positive correlation) and molar ratios of Fe:P or Al:P (negative correlations), explain the high range of P release rates; and (3) a critical P export to adjacent lakes or rivers can only be expected if molar Fe:P ratios of highly decomposed peat are less than 10.