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    DEED OF USUFRUCT Blank

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    Kristine Jan
    This document is a Memorandum of Agreement between a property owner and beneficiary for the use of a portion of the owner's land. [1] The owner agrees to allow the beneficiary to use and construct temporary structures on 8 square meters of the property from May 1, 2021 to April 30, 2022. [2] The beneficiary is not required to pay rent but must comply with local laws and ensure the property is kept clean and safe. [3] The owner retains access to the property and can terminate the agreement with 60 days notice.

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    DEED OF USUFRUCT Blank

    Uploaded by

    Kristine Jan
    400 views3 pages
    This document is a Memorandum of Agreement between a property owner and beneficiary for the use of a portion of the owner's land. [1] The owner agrees to allow the beneficiary to use and construct temporary structures on 8 square meters of the property from May 1, 2021 to April 30, 2022. [2] The beneficiary is not required to pay rent but must comply with local laws and ensure the property is kept clean and safe. [3] The owner retains access to the property and can terminate the agreement with 60 days notice.

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    This document is a Memorandum of Agreement between a property owner and beneficiary for the use of a portion of the owner's land. [1] The owner agrees to allow the beneficiary to use and construct temporary structures on 8 square meters of the property from May 1, 2021 to April 30, 2022. [2] The beneficiary is not required to pay rent but must comply with local laws and ensure the property is kept clean and safe. [3] The owner retains access to the property and can terminate the agreement with 60 days notice.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    400 views3 pages

    DEED OF USUFRUCT Blank

    Uploaded by

    Kristine Jan
    This document is a Memorandum of Agreement between a property owner and beneficiary for the use of a portion of the owner's land. [1] The owner agrees to allow the beneficiary to use and construct temporary structures on 8 square meters of the property from May 1, 2021 to April 30, 2022. [2] The beneficiary is not required to pay rent but must comply with local laws and ensure the property is kept clean and safe. [3] The owner retains access to the property and can terminate the agreement with 60 days notice.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    MEMORANDUM OF AGREEMENT

    To all Whom These Presents May Come:

    This is an agreement for the use and fruits of a piece of real property
    executed by:

    _____________________________, Filipino, of legal age, married


    and a resident of ____________________, hereinafter referred to as
    the Owner;

    -and-

    ________________________, both Filipino citizens, both of legal


    age, both single and with business address at
    _______________________, hereinafter referred to as the
    Beneficiary;

    WITNESSETH:

    WHEREAS, the Owner is the registered owner of the following real estate
    property to wit:

    TRANSFER CERTIFICATE OF TITLE NO. T-_____


    xxxxxxx

    WHEREAS, the parties have agreed to use the eight (8) square
    meter portion of the above mentioned property as business space of the
    Beneficiary;

    NOW THEREFORE, for and in consideration of the foregoing, the


    parties have hereunto agreed as follows, viz:

    General Terms

    1. That this agreement shall commence on May 1, 2021 up to April 30,


    2022. Provided that the Owner may terminate this agreement at
    anytime upon prior notice of at least sixty (60) days to the
    Beneficiary. Upon expiration of the aforesaid notice, the Beneficiary
    shall voluntarily vacate the land and remove the temporary
    structures that may be constructed thereon at the sole expense of
    the Beneficiary;

    2. Beneficiary shall only be allowed to construct temporary structures


    on the property. The owner shall be allowed by the Beneficiary to
    utilize the property as business space for ____________;

    3. The Owner shall be granted full access to the land within reasonable
    time of the day;

    1
    4. The beneficiary shall ensure the sanitation of the land and shall not
    store any hazardous materials, waste or chemicals on the property;

    5. The beneficiary shall not conduct any illegal or immoral activity on


    the property otherwise, the same shall be a ground for the automatic
    cancellation of the contract;

    6. The Beneficiary shall ensure compliance with local sanitation laws


    and such other statute to ensure habitability of the property;

    7. The Beneficiary will be free of rent for occupying such area;

    Transmissibility and Severability

    8. That should any part of this agreement be declared contrary to law


    or public policy, the portions not so affected shall subsist and shall
    continue to be in force and effect.

    IN WITNESS WHEREOF, the parties have hereunto set their hands


    this _______________________, in the ______________________,
    Philippines.

    ______________________ ______________
    Owner Beneficiary
    __________________
    __________

    Signed in the presence of

    _________________ ________________

    ACKNOWLEDGMENT

    Republic of the Philippines )


    Province of South Cotabato)s.s.
    City of Koronadal )

    BEFORE ME, this _________________________, in the City of


    Koronadal, South Cotabato personally appeared _________________with
    their identification card number’s written below their names with their
    respective photographs appearing thereon sufficient to prove their identity
    and they acknowledged before me that this instrument is their own and
    voluntary act and deed.

    This instrument pertains to a Memorandum of Agreement composed


    of three (3) usable pages, signed by the parties and their witnesses on
    each and every page.

    IN WITNESS WHEREOF, I have hereunto set my hand and notarial


    seal on the date above-written.

    2
    Doc. No.
    Page No.
    Book No.
    Series of 2021.

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