Page 194 - Important Provisions of The New Civil Code

Article 607. If the usufruct is constituted on

immovable property of which a building forms

part, and the latter should be destroyed in any

manner whatsoever, the usufructuary shall have

a right to make use of the land and the

materials.

The same rule shall be applied if the usufruct is

constituted on a building only and the same

should be destroyed. But in such a case, if the

owner should wish to construct another

building, he shall have a right to occupy the

land and to make use of the materials, being

obliged to pay to the usufructuary, during the

continuance of the usufruct, the interest upon

the sum equivalent to the value of the land and

of the materials. (517)