Page 393 - Important Provisions of The New Civil Code

Article 1622. Whenever a piece of urban land

which is so small and so situated that a major

portion thereof cannot be used for any practical

purpose within a reasonable time, having been

bought merely for speculation, is about to be

re-sold, the owner of any adjoining land has a

right of pre-emption at a reasonable price.

If the re-sale has been perfected, the owner of

the adjoining land shall have a right of

redemption, also at a reasonable price.

When two or more owners of adjoining lands

wish to exercise the right of

pre-emption or redemption, the owner whose

intended use of the land in question appears

best justified shall be preferred. (n)

Article 1623. The right of legal pre-emption or

redemption shall not be exercised except within

thirty days from the notice in writing by the