Article 1623
ELI5— what this means for you
The right of legal pre-emption or redemption shall not be exercised except within thirty days from the notice in writing by the prospective seller, or by the seller, as the case may be.
Official text — RA 386
The right of legal pre-emption or redemption shall not be exercised except within thirty days from the notice in writing by the prospective vendor, or by the vendor, as the case may be. The deed of sale shall not be recorded in the Registry of Property, unless accompanied by an affidavit of the vendor that he has given written notice thereof to all possible redemptioners.
The right of redemption of co-owners excludes that of adjoining owners. (1524a)
CHAPTER 8
Assignment of Credits and Other Incorporeal Rights
Source: lawphil.net (RA 386 as amended)
Related
RELATED RIGHTS
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