Ƶ

Business Lease Purchase Agreement Template for Philippines

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Business Lease Purchase Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Business Lease Purchase Agreement

"I need a Business Lease Purchase Agreement for a retail space in Makati City, Philippines, with a 2-year initial lease period starting March 1, 2025, and an option to purchase the property at a pre-agreed price of 25 million pesos at the end of the lease term."

Document background
The Business Lease Purchase Agreement is a sophisticated legal instrument used in the Philippines when a business wants to lease a property with the intention of eventually purchasing it. This arrangement is particularly useful for businesses that want to ensure the property's suitability before committing to a purchase, or those that need to spread the financial commitment over time. The document incorporates elements of both lease and purchase agreements, structured in compliance with Philippine Civil Code requirements and local commercial practices. It typically includes detailed provisions for rental payments, maintenance obligations, option exercise procedures, and eventual property transfer. This type of agreement is commonly used in commercial real estate transactions throughout the Philippines, particularly in major business districts where property values make immediate purchase challenging for some businesses.
Suggested Sections

1. Parties: Identification of the lessor/seller and lessee/buyer, including complete business details and authorized representatives

2. Background: Context of the agreement, including property description and purpose of the lease-purchase arrangement

3. Definitions: Definitions of key terms used throughout the agreement

4. Lease Term: Duration of the lease period before purchase option can be exercised

5. Rent and Purchase Price: Detailed breakdown of rental payments, purchase price, and how rental payments contribute to the purchase

6. Payment Terms: Schedule of payments, payment methods, and consequences of default

7. Purchase Option: Terms and conditions for exercising the purchase option, including notice requirements and deadline

8. Property Condition and Maintenance: Description of property condition, maintenance responsibilities, and permitted modifications

9. Use of Property: Permitted business uses and restrictions on property use

10. Insurance and Risk: Insurance requirements and allocation of risk between parties

11. Default and Remedies: Events of default and available remedies for both parties

12. Assignment and Subletting: Restrictions and conditions for assignment or subletting

13. Governing Law: Specification of Philippine law as governing law and jurisdiction

14. Execution: Signature blocks and notarization requirements

Optional Sections

1. Broker Representation: Include when real estate brokers are involved in the transaction

2. Environmental Matters: Include for properties with potential environmental concerns or compliance requirements

3. Improvements and Fixtures: Include when significant improvements or fixtures are part of the agreement

4. Due Diligence: Include when buyer requires specific due diligence period or conditions

5. Property Management: Include when specific property management arrangements are needed during lease period

6. Tax Provisions: Include detailed tax arrangements when complex tax implications exist

7. Force Majeure: Include specific force majeure provisions beyond standard cases

8. Early Purchase Option: Include when early purchase is allowed with specific terms

Suggested Schedules

1. Schedule A - Property Description: Detailed legal description of the property and included fixtures

2. Schedule B - Payment Schedule: Detailed breakdown of rental payments and purchase price calculations

3. Schedule C - Condition Report: Initial property condition assessment and photographs

4. Schedule D - Permitted Uses: Detailed list of permitted business activities and restrictions

5. Schedule E - Insurance Requirements: Specific insurance coverage requirements and minimum amounts

6. Appendix 1 - Property Plans: Floor plans, site plans, and relevant property drawings

7. Appendix 2 - Certificates: Relevant certificates including land title, permits, and licenses

8. Appendix 3 - Environmental Reports: Environmental assessments or compliance certificates if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions








































Clauses



































Relevant Industries

Real Estate

Retail

Manufacturing

Hospitality

Healthcare

Professional Services

Logistics and Warehousing

Technology

Food and Beverage

Education

Financial Services

Relevant Teams

Legal

Finance

Operations

Real Estate

Facilities Management

Risk and Compliance

Procurement

Business Development

Corporate Affairs

Administration

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Real Estate Manager

Property Manager

Legal Counsel

Corporate Lawyer

Business Development Manager

Operations Director

Facility Manager

Commercial Director

Risk Manager

Finance Director

Procurement Manager

Business Owner

Managing Director

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Loi Commercial (Real Estate)

A preliminary document under Philippine law outlining proposed terms and conditions for commercial real estate transactions, serving as a framework for future definitive agreements.

find out more

Letter Of Intent To Purchase Commercial (Real Estate)

A preliminary, typically non-binding document expressing intent to purchase commercial real estate in the Philippines, outlining key terms and conditions for the proposed transaction.

find out more

Deposit Agreement For Business Purchase

A Philippine law-governed agreement establishing terms for a business purchase deposit, including payment conditions, refund rights, and transaction obligations.

find out more

Confidentiality Agreement For Sale Of Business

A Philippine law-governed confidentiality agreement protecting sensitive information during business sale transactions.

find out more

Business Lease Purchase Agreement

A Philippine law-governed agreement enabling businesses to lease property with an option to purchase, combining lease and sale elements under local jurisdiction requirements.

find out more

Agreement For Sale Of Business Sole Proprietorship

A Philippine law-governed agreement for the complete transfer of ownership and assets of a sole proprietorship business from seller to buyer.

find out more

Basic Real Estate Sales Contract

A standard real estate sales agreement template for property transactions in the Philippines, ensuring compliance with local property laws and transfer requirements.

find out more

Small Business Sale Agreement

A legally binding agreement under Philippine law for the sale and purchase of a small business, including all essential terms and conditions of the transaction.

find out more

Contract For Sale Of Commercial Property

A legally binding agreement under Philippine law for the sale and purchase of commercial property, including all essential terms and conditions of the transaction.

find out more

Commercial Property Sale Agreement

A legally binding agreement under Philippine law for the sale and purchase of commercial property, outlining terms, conditions, and obligations of all parties involved.

find out more

Letter Of Intent Business Purchase

A preliminary agreement under Philippine law outlining the proposed terms and conditions for a business acquisition, serving as a framework for negotiation and due diligence.

find out more

Business Bill Of Sale Purchase Agreement

A Philippine law-governed agreement for the sale and transfer of business ownership, detailing terms, conditions, and obligations of both seller and buyer.

find out more

Commercial Lease Purchase Agreement

A Philippine law-governed agreement combining commercial property lease terms with a purchase option, enabling tenants to lease with the right to buy.

find out more

Term Sheet For Sale Of Business

A preliminary document under Philippine law outlining key terms and conditions for a proposed business sale transaction, serving as a basis for definitive agreements.

find out more

Company Share Purchase Agreement

A Philippine law-governed agreement for the sale and purchase of company shares, detailing terms, conditions, and completion requirements.

find out more

Company Purchase Agreement

A Philippine law-governed agreement detailing the terms and conditions for the purchase and sale of a company, including all necessary regulatory compliance elements.

find out more

Agreement Of Purchase And Sale Of Business Assets

A Philippine law-governed agreement detailing the terms and conditions for the purchase and sale of business assets, including asset specifications, price, and transfer conditions.

find out more

Simple Real Estate Sales Contract

A basic agreement for real property sales in the Philippines, outlining essential terms and conditions for property transfer in compliance with Philippine law.

find out more

Business Buy And Sell Agreement

A legally binding agreement under Philippine law that outlines the terms and conditions for the sale and purchase of a business, including assets or shares transfer, warranties, and obligations.

find out more

Commercial Property Purchase Agreement

A legal agreement for commercial property transactions in the Philippines, outlining terms of sale, transfer requirements, and compliance with Philippine real estate laws.

find out more

Business Sales Agreement

A legally binding agreement under Philippine law governing the sale of goods or services between businesses, outlining key terms and conditions of the commercial transaction.

find out more

Non Disclosure Agreement For Sale Of Business

A Philippine law-governed agreement protecting confidential information during business sale negotiations and due diligence.

find out more

Business Purchase And Sale Agreement

A Philippine law-governed agreement documenting the terms and conditions for the sale and purchase of a business, including assets, liabilities, and operational transfer provisions.

find out more

Business Stock Purchase Agreement

A Philippine law-governed agreement that documents the terms and conditions for the purchase and sale of business stocks or shares between parties.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.