I own a parcel of agricultural land, which I received through a free patent. After the lapse of five years, I sold the property to my neighbor with the intention of redeeming it within five years. However, I heard that there is a new law that removed the restrictions imposed on the transfer and conveyance of lands covered by free patents. I just want to know if my right to redeem the property was removed by this new law.
“SEC. 4. This Act shall have retroactive effect and any restriction regarding acquisitions, encumbrances, conveyances, transfers or dispositions imposed on agricultural free patents issued under Section 44 of Commonwealth Act No.
Clearly, the right of redemption under Section 119 of CA 141 was not removed by RA 11231. In your situation, you mentioned that you sold your property before the effectivity of RA 11231, and after the lapse of the five year prohibitory period. Hence, you still have the right to redeem the said property in accordance with the above-mentioned laws.
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