Dokumen - Tips - Deed of Usufruct
Dokumen - Tips - Deed of Usufruct
Dokumen - Tips - Deed of Usufruct
DEED OF USUFRUCT
5and5
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WHEREAS, the ()&ER, by these presents oCers for the use of
the +.+;R+f+'RJ the abovedescribed property to where the new
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i "alaybalay ity ;ire .tation will be erected4
been authori-ed to sign, execute and deliver this Deed of +sufruct for
r a and in behalf of the ity of "alaybalay4
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WHEREAS, pursuant to .#P#'# dated ////////////executed by the
hief ;P, .+PT <$&DJ <'+*(&, ($ ;P 21, has been authori-ed to
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enter into, sign and accept in behalf of the said cooperative4
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_ !W THERE#RE, for and in consideration of the foregoing
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_ premises and of the mutual covenants hereinafter contained, the
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_ parties hereby agree to the following terms and conditions:
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_ 2# TERM5 The term of the usufruct shall be for a period of Thirty Jears
@H1B years, renewable at the discretion of the ity %overnment, the
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f o +.+;R+T+'RJ is hereby given the right and privilege to exclusively
use the .$TE where the new "alaybalay ;ire .tation will be established4
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0# OWNERSHIP 5 while the usufruct andK or the benecial use of the
N
O Z U
A L .$TE is transferred to +.+;R+$L+'RJ, the ownership and title of the
. C .$TE remains with and continues to be in the name of the ()&ER#
Y
D
N I L
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R I B
U Z +pon the expiration or non5renewal of the contract, improvements
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. introduced on the site shall accrue to the ity %overnment#
O I C
A N
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H# INTRODUCTION OF INFRASTRUCTURES, FACILITIES AND
IMPROVEMENTS# 5 the ()&ER and the +.+;R+T+'RJ shall ?ointly
provide, introduce andK or maintain proper infrastructures, facilities
and improvements, e#g# electricity, communication and water facility
that shall mae the .$TE sustainable and viable for the
+.+;R+T+'RJ4
9# The parties and its successors in interest shall at all times exercise
good faith in the performance of their obligations and the exercise of
their rights under this DEED and no termination hereof shall be availed
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IN WITNESS WHEREOF, the herein parties have set their hands this
// day of /////// 0123 in "alaybalay ity, Philippines#
_______________________ _______________________
________________________ _______________________
AC!NOWL EDGMENT
Republic of the PhilippinesB
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WITNESS MY HAND AND SEAL, on the date, year and place rst above
written#
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NOTARY PUBLIC
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