I’ve signed a registered deed giving my brother my share of the property. How can I ensure he’ll let me buy it back if I need money in the future? My wife and I are starting a family and need financial security.
Best Answer
While the registered deed transfers ownership to your brother, you can include a clause in the deed granting yourself a right of repurchase within a specific timeframe and under specific conditions, such as a pre-determined price or a right to first refusal. This clause should be clearly drafted and registered along with the deed to be legally binding.
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