Repurchase right

A repurchase right gives the original seller, or another beneficiary, the ability to buy back the property under defined conditions. It is used to secure long-term interests, for example in land development, family arrangements or public-interest transactions. In Switzerland, repurchase rights over land must be drafted with attention to price, duration, triggering events and exercise. Formal requirements and land-register annotation are significant because the right may need to bind successors. It differs from pre-emption because it can be exercisable without a third-party sale.