Usufruct Agreement

A usufruct, called “Sidhi-kep-kin” in Thailand, offers temporary property rights for the use and enjoyment of the property, as well as the benefit that profits can be reaped from another`s property as long as the property is in no way damaged or altered. If the usufruct does not provide a guarantee, the usufruct still begins, but the bare owner has the rights granted to him under Article 586. FRUITS PENDING AT THE BEGINNING OF THE USUFRUCTA. Are part of the usufruct. No need to reimburse the owner for any expenses incurred. Without prejudice to the right of third parties2. PENDING FRUITS AT THE END OF USUFRUCTA. Belong to the owner. However, the owner must reimburse the usufruct for ordinary cultivation costs and seeds and other similar expenses from the fruit product. Although the law does not prevent foreigners from applying for usufruct on land, this is left to the discretion of the Land official. Section 610.

The usufruct is not destroyed by misuse of the thing in usufruct; However, if the abuse causes significant damage to the owner, the latter may demand that the matter be handed over to him and undertake to pay annually to the usufruct merchant the net proceeds of the latter, after deduction of the costs and compensation that may be granted to him for his management. (520) Article 587. When the doctor of the usufruct, who has not provided a guarantee on the basis of an affidavit, requests the delivery of the furniture necessary for its use and he and his family can live in a house that is involved in the usufruct, the court may, after having duly examined the facts, grant this request. The same rule must be observed with regard to devices, tools and other mobile goods necessary for a branch or vocation in which it operates. If the owner does not want certain objects to be sold because of their artistic value or because they have sentimental value, he can ask him for their delivery if he gives him a guarantee for the payment of legal interest on their claim value. . . .