Article 1606
ELI5— what this means for you
The right referred to in article 1601, in the absence of an express agreement, shall last four years from the date of the contract.
Official text — RA 386
The right referred to in article 1601, in the absence of an express agreement, shall last four years from the date of the contract.
Should there be an agreement, the period cannot exceed ten years.
However, the vendor may still exercise the right to repurchase within thirty days from the time final judgment was rendered in a civil action on the basis that the contract was a true sale with right to repurchase. (1508a)
Source: lawphil.net (RA 386 as amended)
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