Good Morning

Now, Usufruct as defined Under Art. 562 NCC .

And as provided for in De Buen Derecho Comun, p. 225..

But before we proceed, let me first discuss the FRAO

Ownership really consists of three fundamental rights which are:

In a usufruct, only the JUS UTENDI and JUS FRUENDI over the property is transferred
to the USUFRUCTUARY.
The owner of the property maintains the JUS DISPONENDI or the power to alienate,
encumber, transform and even destroy the same.
This remaining right is the essence of what is termed Naked Ownership of the
Property.

To illustrate and for further understanding pertaining to this matter, we are provided
with these formulae:

10