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King's Heirs and Others v.
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CONTRACT OF USUFRUCT KNOW ALL MEN BY THESE PRESENTS: This CONTRACT OF LEASE is made made and executed at the ___________________, this day of _______________, 20__, by by and between:
_________________________, of legal age, single/married, Filipino, and with residence and po address at Gonzaga, Cagayan, hereinafter referred to as the OWNER. -AND-
ALVIN G. LAGAT, LAGAT, Filipino and with residence and postal address at San Jose, Gonza Cagayan, hereinafter referred to as the USUFRUCTUARY. WITNESSETH; That
WHEREAS, ___________________________________ WHEREAS, ___________________________________ is is the owner owner of that real property situated San Jose, Gonzaga, Cagayan with subdivision subdivision plan Gss-(af)-02-001017-D containing containing an a of 5,320.50 square meters; WHEREAS, the owner merely tolerates the usufructuary to use a small portion of the abovementioned lot which shall be determined by the owner himself; WHEREAS, the usufructuary recognizes the ownership of the owner over the said lot and use is only by mere tolerance; WHEREAS, the usufructuary cannot expand the area of his use of the property other than one determined by the owner; WHEREAS, the usufructuary agrees to use the said property for his furniture business on WHEREAS, the usufructuary agrees not to use the same in any other purpose; WHEREAS, the usufructuary agrees not to put up any improvement therein especially sem concrete or concrete improvements therein except for a barong barong for barong for his business; WHEREAS, the usufructuary agrees to remove the improvements therein
vacate immediately the property at anytime upon demand of the owne WHEREAS, the usufructuary acknowledges or any authorized agent of the owner;
the OWNER’S RIGHT OF ENTRY
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King's Heirs and Others v.
1
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My Tax Case
Concept of Hiba Under Muslim
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ACKNOWLEDGEMENT Republic of the Philippines) _________________________) S.S BEFORE ME, personally appeared: Name ____________________ ALVIN G. LAGAT
CTC Number
Date/Place Issued
___________________ ___________________
_________________________ _________________________
Known to me and to me known to be the same persons who e xecuted the foregoing instrum and acknowledged to me that the same is their free and voluntary act and deed.
This instrument consisting of ____ page/s, including the page on which this acknowledgem is written, has been signed on each and every page thereof by the concerned parties and th witnesses, and and sealed with my notarial seal. WITNESS MY HAND AND SEAL, on the date and place first above written.
Notary Public
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Doc. No.______; Page No. ______; Book No.______; Series of 20___.
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