Ƶ

Commercial Contract Unimproved Property for Philippines

Commercial Contract Unimproved Property Template for Philippines

A comprehensive legal agreement governed by Philippine law for the purchase and sale of unimproved real property for commercial purposes. This document incorporates essential elements required under the Civil Code of the Philippines and relevant property laws, including detailed property descriptions, purchase terms, conditions precedent, and transfer requirements. It addresses specific considerations for undeveloped land transactions, such as zoning compliance, environmental regulations, and development potential, while ensuring adherence to local government requirements and national land use policies.

Your data doesn't train Genie's AI

You keep IP ownership of your information

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

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Commercial Contract Unimproved Property

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Commercial Contract Unimproved Property?

The Commercial Contract for Unimproved Property is a specialized agreement used in the Philippines for transactions involving undeveloped land intended for commercial use. This document is essential when businesses or investors seek to acquire raw land for future development, ensuring compliance with Philippine property laws, local zoning regulations, and environmental requirements. It's particularly relevant in scenarios where the land will be developed for commercial, industrial, or mixed-use purposes. The contract includes comprehensive provisions addressing due diligence requirements, title verification, environmental considerations, and development restrictions specific to Philippine jurisdiction. It's structured to protect both buyer and seller interests while facilitating smooth property transfer in accordance with local registration requirements and tax regulations.

What sections should be included in a Commercial Contract Unimproved Property?

1. Parties: Identifies and provides full details of all parties to the contract, including their legal capacity to enter into the agreement

2. Background: Provides context for the agreement and briefly describes the property and intended transaction

3. Definitions: Defines key terms used throughout the agreement to ensure clarity and prevent ambiguity

4. Property Description: Detailed description of the unimproved property including boundaries, lot number, title details, and total area

5. Purchase Price and Payment Terms: Specifies the agreed purchase price, payment schedule, and method of payment

6. Conditions Precedent: Lists conditions that must be satisfied before the contract becomes fully effective

7. Representations and Warranties: Statements of fact by both parties regarding their capacity, the property's status, and other material facts

8. Due Diligence: Outlines the buyer's right to investigate the property and related documentation

9. Title and Transfer: Details the process and requirements for transferring title to the property

10. Taxes and Expenses: Allocates responsibility for various taxes and transaction costs

11. Risk and Insurance: Addresses when risk passes to the buyer and any insurance requirements

12. Default and Remedies: Specifies what constitutes default and the remedies available to each party

13. Governing Law and Jurisdiction: Specifies Philippine law as governing law and designates jurisdiction for disputes

14. Notices: Specifies how formal notices between parties should be given

15. Execution: Formal signing section including space for witnesses and notarization

What sections are optional to include in a Commercial Contract Unimproved Property?

1. Environmental Conditions: Include when there are known environmental issues or when environmental testing is required

2. Development Restrictions: Include when there are specific zoning or development restrictions affecting the property

3. Broker Provisions: Include when real estate brokers are involved in the transaction

4. Financing Contingency: Include when the purchase is contingent on the buyer obtaining financing

5. Access Rights: Include when special access arrangements are needed prior to closing

6. Indigenous Peoples Rights: Include when the property is in or near areas covered by Indigenous Peoples Rights Act

7. Future Right of First Refusal: Include when seller retains right to purchase property back in specific circumstances

8. Subdivision Potential: Include when there's potential for future subdivision of the property

What schedules should be included in a Commercial Contract Unimproved Property?

1. Property Title Details: Copy of title and technical description of the property from land registration records

2. Payment Schedule: Detailed breakdown of payment terms and installments if applicable

3. Property Survey: Recent survey plan showing boundaries and technical details of the property

4. Tax Certificates: Current tax declarations and certificates of no tax delinquency

5. Zoning Certification: Current zoning classification and permitted uses of the property

6. Powers of Attorney: If applicable, documents authorizing representatives to act for either party

7. Due Diligence Checklist: List of documents and items to be reviewed during due diligence

8. Form of Deed of Absolute Sale: Template of the deed to be executed upon completion of conditions

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

Jurisdiction

Philippines

Publisher

Ƶ

Cost

Free to use
Relevant legal definitions







































Clauses






























Relevant Industries

Real Estate Development

Commercial Property

Agriculture

Industrial Development

Tourism and Hospitality

Retail

Manufacturing

Renewable Energy

Infrastructure Development

Warehouse and Logistics

Relevant Teams

Legal

Real Estate

Property Development

Finance

Commercial

Compliance

Business Development

Environmental

Project Management

Risk Management

Relevant Roles

Real Estate Director

Property Development Manager

Commercial Property Lawyer

Land Acquisition Specialist

Investment Manager

Chief Financial Officer

Business Development Director

Real Estate Broker

Property Surveyor

Environmental Compliance Officer

Legal Counsel

Project Development Manager

Site Assessment Manager

Zoning Compliance Officer

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

Collateral Agreement (Real Estate)

A Philippine law-governed agreement establishing real estate as collateral for securing financial obligations, with provisions for registration and enforcement.

find out more

Home Buyout Agreement

A legally binding agreement under Philippine law for the purchase and transfer of residential property, detailing sale terms and transfer conditions.

find out more

Home Purchase And Sale Agreement

A legally binding agreement under Philippine law for the sale and purchase of residential property, defining terms, conditions, and obligations of both parties.

find out more

Lease Agreement With Option To Purchase (Real Estate)

A Philippine law-governed agreement combining property lease terms with a future purchase option, establishing rights and obligations for both temporary use and potential acquisition of real estate.

find out more

Finders Fee Agreement (Real Estate)

A Philippine law-compliant agreement establishing terms for compensating individuals who introduce potential buyers/lessees to property owners, structured in accordance with RESA requirements.

find out more

Installment Sales Contract (Real Estate)

A Philippine law-compliant contract for the sale of real estate property through installment payments, incorporating Maceda Law protections.

find out more

Side Agreement (Real Estate)

A supplementary agreement modifying or clarifying terms of a main real estate contract under Philippine law.

find out more

Novation Agreement (Real Estate)

A Philippine law-governed agreement that substitutes one party in a real estate contract with another party, transferring all related rights and obligations.

find out more

License Agreement (Real Estate)

A Philippine law-governed agreement establishing terms for temporary property use rights between a property owner and user.

find out more

Equity Sharing Agreement (Real Estate)

A Philippine law-governed agreement establishing shared ownership rights and responsibilities in real estate property, including capital contributions, profit-sharing, and management terms.

find out more

Corporate Lease For Residential Property

A Philippine-law governed lease agreement for corporate entities renting residential properties, incorporating corporate tenancy requirements and local property regulations.

find out more

Wholesale Purchase And Sale Agreement

A Philippine law-governed agreement establishing terms for wholesale purchase and sale of goods between commercial parties, including pricing, delivery, and quality standards.

find out more

Contract For Houses And Residential Land

A Philippine law-compliant contract for the sale and purchase of residential property, including both house and land components.

find out more

Contract For Selling A House

A legally binding agreement under Philippine law for the sale and transfer of residential property ownership, detailing terms, conditions, and obligations of both parties.

find out more

Area Purchase Contract

A Philippine law-governed contract for the purchase and sale of land area, detailing terms of property transfer and ownership rights.

find out more

Real Estate Offer And Acceptance Contract

A Philippine law-governed contract documenting the terms and conditions of a real estate purchase offer and its acceptance.

find out more

Property Easement Agreement

A legal agreement under Philippine law establishing rights to use another's property for specific purposes, detailing terms, conditions, and obligations of all parties involved.

find out more

Contract To Sell Land

A Philippine law-governed agreement for the conditional sale of land, where title transfer occurs upon full payment completion.

find out more

Residential Condominium Contract

A Philippine law-compliant contract for the sale and purchase of a residential condominium unit, outlining terms, conditions, and obligations of all parties involved.

find out more

Land Development Agreement

A Philippine law-governed agreement establishing terms and conditions between property owners and developers for land development projects.

find out more

Joint Venture Property Development Agreement

A Philippine law-governed agreement establishing a joint venture between parties for real estate property development, covering ownership, responsibilities, and regulatory compliance.

find out more

Purchase Agreement For House For Sale By Owner

A Philippine law-governed agreement for the direct sale of residential property between private seller and buyer, without real estate agent involvement.

find out more

Private Sale Real Estate Contract

A Philippine law-governed contract for the private sale and transfer of real estate property between parties, detailing terms, conditions, and obligations of the sale.

find out more

Commercial Contract Unimproved Property

Philippine law-governed contract for the sale and purchase of unimproved commercial property, incorporating local property regulations and transfer requirements.

find out more

Agreement Between Buyer And Commission Agent

A Philippine law-governed agreement establishing terms between a buyer and commission agent, defining commission structures and responsibilities.

find out more

Assignable Purchase Contract

A Philippine law-governed purchase agreement that allows for the transfer of contractual rights and obligations to third parties.

find out more

Standard Lease Agreement For House Rental

A standardized residential lease agreement template for house rentals in the Philippines, compliant with local housing laws and regulations.

find out more

Buyer Exclusive Agreement

A Philippine law-governed agreement establishing exclusive representation rights between a property buyer and their chosen real estate broker for property acquisition services.

find out more

Real Estate Reservation Agreement

A Philippine law-compliant agreement establishing terms for reserving real estate property, including reservation fee, period, and payment terms.

find out more

Property Tenancy Agreement

A legally binding agreement under Philippine law establishing terms and conditions for property rental between landlord and tenant.

find out more

Houses For Sale Contract For Deed

A Philippine-law governed agreement for selling houses through installment payments, where the seller retains title until full payment is received.

find out more

Personal Property Agreement

A legal document governed by Philippine law that establishes terms and conditions for transferring ownership of personal property between parties.

find out more

For Sale By Owner Sales Contract

A legally binding agreement for direct property sales between owners and buyers in the Philippines, without real estate agent involvement.

find out more

Basic Real Estate Contract

A standardized real estate purchase agreement under Philippine law that documents property transfer terms and conditions between buyer and seller.

find out more

Private Mortgage Agreement

A legally binding agreement under Philippine law where real property is offered as security for a loan, detailing terms between borrower and lender.

find out more

Real Estate Swap Agreement

A Philippine law-governed agreement facilitating the exchange of real estate properties between parties, including terms, conditions, and compliance requirements.

find out more

Contract For Sale And Purchase

A Philippine law-governed agreement documenting the transfer of ownership of property or goods from seller to buyer for agreed consideration.

find out more

Real Estate Offer Contract

A Philippine law-compliant contract presenting a formal offer to purchase real estate property, specifying transaction terms and conditions.

find out more

Owner Finance Real Estate Contract

A Philippine law-compliant contract for seller-financed real estate transactions, establishing terms for property purchase, payment, and ownership transfer.

find out more

Condo Purchase Agreement

A Philippine law-governed agreement for the purchase and sale of a condominium unit, detailing terms, conditions, and obligations of all parties involved.

find out more
See more related templates

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

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

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