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Usufruct Agreement Philippines

1. When it is constituted at the same time, it is obvious that all usufruitiers must be alive at the time of the constitution. Here, it is the death of the last survivor that puts an end to usufruit2. In the case of successive constitution of Article 611, it is also applicable a. If the successive usufruits were formed by the gift, all the usufructuaries made must live at the time of the donation of the usufruit. If the successive usufruits were formed because of a last will, there should be only two successive usufruitiers, and both must have been alive at the time of the deceased`s death. This means that usufruit, which is not the landowner, is not allowed as an owner, but that it is allowed as a discoverer – usually at 1/2 of the treasure, unless there is a contrary agreement – if it is really the Discoverer. , nothing is received – As a general rule, the lease made by the usufruitier should end at the end of the usufruit or sooner. Except in the case of leases of rural land, because in this case, if the usufruit expires earlier than the lease, the lease for the remainder of the agricultural year is maintained in section 602. The expenses, costs and debts of the shares in connection with the usufruit are borne by the usufruit. (512) 1. The owner must be notified beforehand2.

The state of immobility must be described3. Furniture must be evaluated4. As a general rule, no form is required, unless there are real properties5. The costs are borne by the usufruit6. Influence of non-inventory, as if security is not specified7. If the warehouse is not necessary. If no one is injured, provided the naked owner agrees. In case of waiver by the naked owner or the law or what is stipulated in the contract or will be “ART. 603. The usufruit expires: “1) By the death of the usufruit, unless there is a clear opposite intention; Art. 590.

A usufruit or caring for his right to usufruit must be held accountable for any damage to objects that may be caused by the fault or negligence of the person who replaces him.

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