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27Jan2015
Right of redemption (repurchase option)
The right of redemption entitles the seller to repurchase, at a given time and under specified conditions, a property that they have sold.
The right of redemption can be negotiated at the land register for a maximum period of 25 years.
Unless agreed otherwise, the right of redemption is able to be inherited but not assigned.
Other legal definitions
- Right of purchase
- Right of emption
- Right of pre-emption
- Donation, Exchange, Estate distribution
- Acquisition of property by operation of law
- Land properties
- Co-ownership share
- Right of land occupancy
- Land register
- Real estate collateral
- Statutory mortgages
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