When property subject to usufruct is sold or exchanged, whether in an action for partition or by agreement between the usufructuary and the naked owner or by a usufructuary who has the power to ...

Usufructuary and naked owner become the same person. This is the case, for example, of a person who owns the usufruct of a house and who buys the bare property of that same house.

The usufructuary integrates the property into its heritage for its freehold value. However, in some cases, the act provides for apportioned taxation between the usufructuary and the naked owner(s) ...

A usufructuary does not have full ownership of the property, because they do not enjoy the third property right, abusus, which refers to the right to consume, destroy, ...

In line with this proverb, former President Ferdinand E. Marcos issued Proclamation No. 1670, series of 1977, granting to the Manila Seedling Bank Foundation, Inc. (MSBFI) usufructuary rights over ...

The usufructuary is also responsible for paying the assessment rates and general day-to-day costs of maintaining the home. He or she is not obliged to do any large-scale repairs that result from ...

He adds that while the usufructuary’s rights to the use of the home are protected, there are certain obligations that need to be fulfilled. For example, the usufruct must be used for its intended ...

Subsequently, or on September 19, 1977, another Proclamation (1670) was issued removing a seven hectare portion from the coverage of the NGC and giving usufructuary rights over it in favor of ...