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Sample Terms of Usufructuary
Sample Terms of Usufructuary
enjoy the property provided that all the necessary improvements for preservation of the
said property shall be shouldered by the usufructuary;
NOW, THEREFORE, for and in consideration of the foregoing premises and the
mutual covenants, stipulations and agreements, the LANDOWNER and the
USUFRUCTUARY have agreed, as they do hereby agree, and contracted as follows:
2. The LANDOWNER shall remain as the owner of the Subject Property and
shall assume the payment of real property taxes.