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    Deed of Usufruct

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    A RA Sitoy
    The document is a deed of usufruct granting Josua Satinitigan Estudillo usufruct rights over 300 square meters of land owned by Jovita Abellanosa Rago-Isidro for 30 years. Under the terms, Estudillo can establish a business on the land to benefit himself and his family, but cannot cut plants or sell the usufruct rights. Rago-Isidro remains responsible for property taxes and has right of first refusal if the land is sold. Both parties signed the document, which was notarized.

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    © All Rights Reserved
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    Deed of Usufruct

    Uploaded by

    A RA Sitoy
    105 views2 pages
    The document is a deed of usufruct granting Josua Satinitigan Estudillo usufruct rights over 300 square meters of land owned by Jovita Abellanosa Rago-Isidro for 30 years. Under the terms, Estudillo can establish a business on the land to benefit himself and his family, but cannot cut plants or sell the usufruct rights. Rago-Isidro remains responsible for property taxes and has right of first refusal if the land is sold. Both parties signed the document, which was notarized.

    Original Description:

    deed of usufruct of real estate

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    The document is a deed of usufruct granting Josua Satinitigan Estudillo usufruct rights over 300 square meters of land owned by Jovita Abellanosa Rago-Isidro for 30 years. Under the terms, Estudillo can establish a business on the land to benefit himself and his family, but cannot cut plants or sell the usufruct rights. Rago-Isidro remains responsible for property taxes and has right of first refusal if the land is sold. Both parties signed the document, which was notarized.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    105 views2 pages

    Deed of Usufruct

    Uploaded by

    A RA Sitoy
    The document is a deed of usufruct granting Josua Satinitigan Estudillo usufruct rights over 300 square meters of land owned by Jovita Abellanosa Rago-Isidro for 30 years. Under the terms, Estudillo can establish a business on the land to benefit himself and his family, but cannot cut plants or sell the usufruct rights. Rago-Isidro remains responsible for property taxes and has right of first refusal if the land is sold. Both parties signed the document, which was notarized.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    DEED OF USUFRUCT

    Know All Men By These Presents:

    This DEED OF USUFRUCT is entered into by and between:

    JOVITA ABELLANOSA RAGO – ISIDRO, Filipino, of legal age, married and


    resident Sitio Saimon, Barangay Can-asujan, Carcar City, Cebu, hereto known
    as the GRANTOR;

    -and-

    JOSUA SATINITIGAN ESTUDILLO, Filipino, of legal age, married to Julita


    Isdro – Estudillo, and a resident of Sitio Saimon, Barangay Can-asujan, Carcar
    City, Cebu, hereto known as the GRANTEE;

    - WITNESSETH -

    Whereas, the Grantor is the absolute owner of parcel of land situated in


    Sitio Saimon, Barangay Can-asujan Carcar City Cebu, in which the Grantee’
    family home errected with an area of THREE HUNDRED (300) SQUARE
    METERS;

    Whereas, the Grantee is the son-in-law of the Grantor and wishes establish
    a business establishment in the area in which his family home is built;

    Whereas, the GRANTOR hereby grants to the GRANTEE a USUFRUCT of the


    said parcel of land with the folllowing terms and conditions:

    1. That the USUFRUCT of the Real Property shall be for thirty (30) years
    reckoned from the execution of this public instrument;

    2. That the GRANTEE hereby undertakes that all the plants planted
    therein shall not be cut without the permission of the the GRANTOR;

    3. That the GRANTEE shall establish a business establishment on the said


    area of land or for whatever best it may serve to him and his family;

    4. That the GRANTEE shall not alienate to other person the usufruct of the
    said land;

    5. That in case the GRANTOR will sell the property, the GRANTEE shall
    have the right of first refual;

    6. That the real property taxes shall be on the burden of the GRANTOR
    considering that the said parcel of land is not yet subdivided by the
    heirs;
    IN WITNESS WHEREOF, we hereby set our hand this
    ___________________________ at Cebu City, Philippines.

    JOVITA ABELLANOSA RAGO – ISIDRO JOSUA SATINITIGAN ESTUDILLO


    Grantor Grantee

    Signed in the Presence of :

    _______________________________ ______________________________________

    Republic of the Philippines )


    City of Cebu )S.S.

    ACKNOWLEDGMENT

    BEFORE ME A NOTARY PUBLIC of the City of Cebu, this


    _______________________, personally appear before me the following persons:

    Name Competent Evidence of Identity

    1. JOVITA ABELLANOZA RAGO – ISIDRO

    2. JOSUA SATINITIGAN ESTUDILLO G01-18-008676 LTO

    Know to me to me known as the same person who execute the foregoing


    instrument and attestt that it is their voluntary act and deed.

    This instruments contains two (2) pages including this


    acknowledgment.

    WITNESS MY HAND AND SEAL.

    Doc. No.
    Page No.
    Book No.
    Series of 2019

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