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The Commercial Lease Purchase Agreement is a sophisticated legal instrument used in the Philippine real estate market when a property owner wishes to lease a commercial property to a tenant while also granting them the option to purchase the property. This arrangement is particularly useful for businesses that want to secure a location immediately but prefer to defer the full purchase until they have established their operations or secured financing. The agreement must comply with Philippine property law, including the Civil Code of the Philippines and local government regulations. It typically includes detailed provisions about the lease term, rental payments, maintenance obligations, and the specific conditions under which the purchase option can be exercised. This document type is commonly used in commercial real estate transactions, especially for retail spaces, office buildings, and industrial properties, providing flexibility for both the property owner and the potential buyer.

1. Parties: Identification of the lessor/seller and lessee/buyer, including complete legal names, addresses, and registration details if companies

2. Background: Context of the agreement, including property description and parties' intentions regarding lease-purchase arrangement

3. Definitions: Definitions of key terms used throughout the agreement, including financial, property-related, and technical terms

4. Property Description: Detailed description of the commercial property, including exact location, boundaries, and included fixtures/fittings

5. Lease Terms: Duration of lease period, rental amounts, payment schedules, and rent review mechanisms

6. Purchase Option: Terms and conditions of the purchase option, including purchase price, option exercise period, and credit of rent towards purchase

7. Payment Terms: Detailed payment provisions for both lease and purchase phases, including method of payment and late payment consequences

8. Security Deposit: Amount, terms, and conditions of the security deposit and its potential application to the purchase price

9. Maintenance and Repairs: Responsibilities of each party for property maintenance, repairs, and improvements during the lease period

10. Insurance and Risk: Insurance requirements and allocation of risk between parties during lease period and transition to purchase

11. Utilities and Outgoings: Responsibility for utility payments, property taxes, and other ongoing expenses

12. Use of Property: Permitted use of the property and any restrictions or requirements for business operations

13. Default and Remedies: Events of default and corresponding remedies for both lease and purchase aspects

14. Termination: Circumstances and procedures for termination of the agreement

15. Governing Law: Specification of Philippine law as governing law and jurisdiction for disputes