7 Ways to Extinguish Usufruct
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Article 562. Usufruct gives a right to enjoy the property of another with the obligation of preserving its form and substance, unless the title constituting it or the law otherwise provides. (Civil Code) It may be extinguished by any of the following:
Article 562. Usufruct gives a right to enjoy the property of another with the obligation of preserving its form and substance, unless the title constituting it or the law otherwise provides. (Civil Code) It may be extinguished by any of the following:
[1] By death of usufructuary unless contrary intention appears (death of the last survivor in case of multiple usufruct).
[2] By expiration of the period or fulfillment of resolutory condition (maximum period: lifetime of natural person, 50 years if juridical person.)
[3] By merger of usufruct and ownership in one person.
[4] By renunciation of the usufructuary
[5] By termination of the right of the person constituting the usufruct
[6] By prescription ( Art. 603)
[7] By total loss of the thing: [a] partial loss; [b] loss of building; [c] legal loss (expropriation); and [d] bad use
[2] By expiration of the period or fulfillment of resolutory condition (maximum period: lifetime of natural person, 50 years if juridical person.)
[3] By merger of usufruct and ownership in one person.
[4] By renunciation of the usufructuary
[5] By termination of the right of the person constituting the usufruct
[6] By prescription ( Art. 603)
[7] By total loss of the thing: [a] partial loss; [b] loss of building; [c] legal loss (expropriation); and [d] bad use
