Ƶ

Equipment Lease To Own 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 Equipment Lease To Own 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:

Equipment Lease To Own Agreement

"I need an Equipment Lease To Own Agreement for a manufacturing business in Manila, covering a single industrial printing press valued at ₱5,000,000, with a 36-month lease term starting March 1, 2025, and monthly payments with a purchase option exercisable after 24 months."

Document background
The Equipment Lease To Own Agreement is designed for businesses and individuals in the Philippines seeking to acquire equipment through a structured financing arrangement. This document type is particularly useful when immediate purchase is not feasible or when parties prefer to spread the cost over time while ensuring eventual ownership. The agreement combines elements of both lease and purchase agreements, complying with Philippine civil law, the Lease Law (Act No. 4122), and relevant financial regulations. It typically includes detailed specifications of the equipment, payment schedules, maintenance requirements, and the mechanism for exercising the purchase option. The document is essential for capital-intensive industries and provides security for both the lessor's investment and the lessee's path to ownership.
Suggested Sections

1. Parties: Identification of the Lessor and Lessee with complete legal names and addresses

2. Background: Context of the agreement, including the Lessor's ownership of the equipment and Lessee's desire to lease with option to purchase

3. Definitions: Key terms used throughout the agreement including Equipment, Lease Period, Purchase Option, and Payment Terms

4. Equipment Description: Detailed description of the leased equipment including make, model, serial numbers, and condition

5. Lease Term: Duration of the lease period and conditions for renewal or extension

6. Rental Payments: Payment amount, schedule, method, and late payment penalties

7. Purchase Option: Terms and conditions for exercising the purchase option, including purchase price calculation

8. Title and Ownership: Clarification of ownership during lease period and transfer conditions

9. Delivery and Acceptance: Terms for equipment delivery, installation, and acceptance testing

10. Use and Maintenance: Permitted use, maintenance responsibilities, and condition requirements

11. Insurance: Required insurance coverage and responsible party

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

13. Termination: Conditions and procedures for early termination

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

15. Execution: Signature blocks and execution requirements

Optional Sections

1. Security Deposit: Terms of security deposit if required, including amount and conditions for return

2. Assignment and Subletting: Include if assignment or subletting rights are to be granted or prohibited

3. Equipment Upgrades: Include if equipment upgrades or modifications are anticipated during the lease term

4. Return Conditions: Include if there's a possibility of equipment return rather than purchase

5. Force Majeure: Include if specific force majeure provisions are needed beyond standard contract provisions

6. Warranties: Include if specific manufacturer warranties are being passed through to the lessee

7. Environmental Compliance: Include for equipment that may have environmental impacts or requirements

Suggested Schedules

1. Schedule A - Equipment Specifications: Detailed technical specifications and condition report of the equipment

2. Schedule B - Payment Schedule: Detailed breakdown of payment amounts, dates, and allocation between lease and purchase components

3. Schedule C - Acceptance Certificate: Form for documenting equipment delivery and acceptance

4. Schedule D - Maintenance Requirements: Detailed maintenance schedule and requirements

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

6. Appendix 1 - Purchase Option Calculations: Formula and examples for calculating final purchase price

7. Appendix 2 - Return Conditions Checklist: Detailed checklist for equipment condition if returned

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

Manufacturing

Construction

Agriculture

Transportation

Mining

Healthcare

Technology

Telecommunications

Food Processing

Retail

Logistics

Warehousing

Industrial Equipment

Office Equipment

Heavy Machinery

Relevant Teams

Legal

Finance

Procurement

Operations

Risk Management

Compliance

Asset Management

Treasury

Credit

Business Development

Facilities Management

Relevant Roles

Chief Financial Officer

Finance Director

Procurement Manager

Operations Manager

Fleet Manager

Equipment Manager

Legal Counsel

Contracts Manager

Risk Manager

Asset Manager

Facility Manager

Treasury Manager

Credit Manager

Business Development Manager

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

Machinery Lease Agreement

A Philippine law-governed agreement establishing terms and conditions for machinery leasing, including payment, maintenance, and operational requirements.

find out more

Heavy Equipment Lease Agreement

A Philippine law-governed agreement establishing terms and conditions for heavy equipment leasing, including rental terms, maintenance, and liability provisions.

find out more

Equipment Rental Lease Agreement

A Philippine law-governed agreement establishing terms and conditions for equipment rental between lessor and lessee, including payment, maintenance, and liability provisions.

find out more

Equipment Lease Agreement Form

A Philippine law-compliant agreement establishing terms and conditions for equipment leasing between a lessor and lessee, including payment terms, maintenance responsibilities, and usage conditions.

find out more

Equipment Lease To Own Agreement

A Philippine law-governed agreement for leasing equipment with an option to purchase, detailing lease terms, payments, and ownership transfer conditions.

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.