DEED OF USUFRUCT

KNOW ALL MEN BY THESE PRESENTS:

This Deed of Usurfruct is made by and between:

_______________________________, single/married, of legal age,

Filipino and a resident of
_______________________________________, (hereinafter known as
the OWNER);
---AND---
_______________________________, single/married, of legal age,
Filipino and a resident of
_______________________________________,
(hereinafter known as the USUFRUCTUARY);

WITNESSETH; That:

WHEREAS, The OWNER is the true and registered owner of a parcel of land
covered by Transfer Certificate of Title No. ______________________ of the
Registry of Deeds of Calamba City, Laguna, located at
_________________________________, _________________, containing an area of
80 square meters.

WHEREAS, The OWNER, by these presents offers for the use of the
USUFRUCTUARY the above-mentioned property where the business establishment
named _________________________________ will be erected.

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

parties have agreed on the following:

1. That the term of this usufruct shall be for ___________ (______) YEARS
commencing from ___________________ and ________________, however if the
Owners needs the said premises they may cancel this Deed of Usufruct so long as she
gives the Usufructuary a one (1) month notice before the affectivity of the cancellation of
this contract;

2. That the Usufructuary hereby expressly acknowledges that the subject

premises are in good and able condition and agrees to keep the same such good and
tenable condition as regards the use, occupation and sanitation of the subject premises;

3. That the Usufructuary cannot make any construction or improvement in the

above stated subject property without a written notice or approval of the Owner. In the
absence of any notice or approval, any construction or improvement by the
Usufructuary shall form part of the subject property and automatically owned by the
Owner;

4. That the water and electrical consumption, telephone, internet and any other
bills in the premises shall be shouldered by the Lessee;

5. That the Usufructuary cannot sub-lease the property subject of this Deed or
any portion thereof or otherwise assign its right under this contract to a third person
without prior knowledge and written consent of the Owner;

6. That the leased premises shall be used exclusively for the

____________________________;
 7. That the Usufructuary shall be responsible for the observance of sanitary and
electrical regulations required by the City of Cabuyao or other government authority
concern regarding the use and habitation of the leased premises;

8. That the Usufructuary shall not keep, deposit or store in the leased premises
any obnoxious or inflammable materials or substance that might constitute a fire hazard
or cause detriment to the surroundings;

9. That upon expiration of this Deed, the Usufructuary undertakes to vacate and
surrender to the Owner the subject premises peacefully and in the same good, clean
and tenable condition as when it first occupied;

10. That should the Owner decide to sell the leased premises to another person,
other that the Usufructuary or they have other intention/project or he needs the
premises for personal or family purpose, the Owner shall terminate this Deed but shall
notify the Usufructuary at least 15 days in advance of the upcoming sale or other
Owner’s intention/project or Owner need the property for personal or family purpose;

11. That should the Usufructuary decide to abandon the leased premises and
terminate this Deed, he/she shall notify the Owner at least 15 days in advance.

12. That the parties hereto bind themselves to faithfully comply with the terms
and conditions of this Deed;

IN WITNESS WHEREOF, we have hereunto set their hands, this

_____________ in _____________________, Philippines.

______________________ ______________________
Owner Owner

______________________
Usufructuary
SIGNED IN THE PRESENCE OF:
__________________ __________________

ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
___________________________ )S.S

Before me a Notary Public for and in ___________ this_________________,

personally appeared:
Name: Competent Proof of Identity
___________________ _____________________________________
___________________ _____________________________________
who acknowledged to me that they are the same persons who signed and executed this
instrument and they acknowledged before me that the same is their free act and
voluntary deed.

WITNESS MY HAND AND SEAL on the date and at the place first above written.

Doc. No. _________;

Page No. _________;
Book No. _________;
Series of 2022