Usufruct
Usufruct
Usufruct
-and-
___________________________, who is of legal age, Filipino, ____________________ and
a resident of Brgy. ________________________ herein referred to as the BENEFICIARY;
c. In case the BENEFICIARY will gather any produce already present at the
time of their entry into the property or otherwise belongs to the landowner or
may be taken from the land or other similar activities, the BENEFICIARY shall
ask permission from the LANDOWNER;
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e. The BENEFICIARY shall maintain the upkeep and preservation of the
premises, taking as much care of the property as a good father of a family
would take of his own property;
f. The BENEFICIARY must secure any farm animals within the premises of
the lot he is allowed to use or occupy (by tying or keeping them in cages) to
prevent them from causing damage to the other plants/trees or produce within
the premises;
i. The BENEFICIARY may not, at any instance, cut, burn or otherwise uproot
any and all trees, plants or crops existing at the time of the signing of this
agreement and those which may thereafter be planted by him and his
immediate members of the family during the subsistence of this agreement;
l. The LANDOWNER represents and warrant that she has a good, valid and
subsisting rights and interests and title to the aforementioned property;
m. That the LANDOWNER undertakes to defend the title to the above described
property against any and all claims of third person in any case, and to defend
the possession of the BENEFICIARY against all action for eviction. Beneficiary,
in turn, has the obligation to notify immediately the Landowners of any
intrusion or trespassing on the above-described lot.
This Usufruct Agreement shall valid for a period of two (2) years and may
be renewed only at the express consent of both parties.
3. BINDING EFFECT:
This agreement shall be binding upon the parties, their heirs, assigns
and successors-in-interest;
IN WITNESS WHEREOF, the parties have hereunto affixed their signatures this
_________________________ at __________________________, Philippines.
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______________________________ ____________________________
ACKNOWLEDGMENT
BEFORE ME, a Notary Public for and in the Province of Leyte, this
_________________________________ personally appeared ___________________________
and ______________________________ and presented to me competent evidence of their
identities as above-indicated, known to me and to me known to be the same persons
who executed the foregoing instrument, and acknowledged to me that the same
is their free and voluntary act.
This Instrument consists of only three (3) page/s, including this page in which
this Acknowledgment is written, duly signed by the parties and the instrumental
witnesses on each and every page hereof.
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