黑料视频

Lease Option Agreement Contract Template for Philippines

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

4.6 / 5
4.8 / 5

Let's create your Lease Option Agreement Contract

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聽of your information

Key Requirements PROMPT example:

Lease Option Agreement Contract

"I need a Lease Option Agreement Contract for a commercial warehouse in Manila, Philippines, with a 2-year lease term starting March 1, 2025, and an option to purchase the property for 15 million pesos exercisable during the final 6 months of the lease term."

Document background
The Lease Option Agreement Contract serves as a vital instrument in Philippine real estate transactions, providing flexibility for both property owners and potential buyers. This hybrid agreement is particularly useful when a potential buyer wishes to occupy a property immediately but needs time to arrange financing or evaluate the property before committing to a purchase. The document, governed by Philippine law, includes comprehensive terms for the lease period (such as rent, maintenance, and utilities) while simultaneously granting the lessee an exclusive option to purchase the property at a predetermined price within a specified timeframe. It's commonly used in both residential and commercial contexts, requiring compliance with various Philippine regulations including the Civil Code, Rent Control Act, and local government requirements. The agreement protects both parties' interests by clearly defining their rights and obligations during both the lease period and in the event of option exercise.
Suggested Sections

1. Parties: Identifies and defines the Lessor/Option Grantor and Lessee/Option Holder with complete legal names and addresses

2. Background: Establishes the context of the agreement, including property ownership and parties' intentions regarding lease and purchase option

3. Definitions: Defines key terms used throughout the agreement including Property, Option Period, Option Price, and Lease Term

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

5. Lease Terms: Specifies rent amount, payment terms, duration, utilities, maintenance responsibilities, and other standard lease provisions

6. Option Terms: Details of the purchase option including option price, option period, exercise procedure, and consideration paid for the option

7. Exercise of Option: Procedure for exercising the option, including notice requirements and completion timeframe

8. Purchase Price and Payment: Specifies the agreed purchase price if option is exercised and how payments will be structured

9. Representations and Warranties: Legal statements by both parties regarding their authority, property condition, and other material facts

10. Default and Remedies: Consequences of default under either the lease or option terms and available remedies

11. General Provisions: Standard contract clauses including governing law, notices, amendments, and severability

12. Execution: Signature blocks and notarization requirements as per Philippine law

Optional Sections

1. Property Management: Include when specific property management arrangements are needed, especially for commercial properties

2. Assignment and Subletting: Include when parties want to specifically address the ability to transfer rights under the agreement

3. Insurance Requirements: Include when specific insurance coverage requirements need to be detailed

4. Environmental Matters: Include for commercial properties or when environmental concerns need to be addressed

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

6. Option Extension Terms: Include when parties want to allow for possible extension of the option period

7. Financing Contingencies: Include when the option exercise is contingent on the lessee obtaining financing

Suggested Schedules

1. Schedule A - Property Description: Detailed technical description of the property including lot number, boundaries, and technical specifications

2. Schedule B - Property Plan/Floor Plan: Physical layout and plans of the property

3. Schedule C - Inventory of Fixtures and Fittings: Detailed list of items included in the lease and potential sale

4. Schedule D - Option Exercise Form: Template form for exercising the purchase option

5. Schedule E - Rent Payment Schedule: Detailed breakdown of rent payments and due dates

6. Schedule F - Property Condition Report: Documentation of property condition at lease commencement

7. Appendix 1 - Required Documents: List of documents required for option exercise and property transfer

8. Appendix 2 - Property Title Documents: Copies of relevant property ownership documents

Authors

Alex Denne

Head of Growth (Open Source Law) @ 黑料视频 | 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

Residential Property

Commercial Property

Retail

Industrial

Agriculture

Hospitality

Office Space

Manufacturing

Warehousing

Mixed-Use Development

Relevant Teams

Legal

Real Estate

Operations

Finance

Compliance

Risk Management

Facilities Management

Business Development

Property Management

Asset Management

Corporate Services

Administration

Relevant Roles

Real Estate Manager

Property Manager

Legal Counsel

Contract Administrator

Business Development Manager

Facilities Manager

Corporate Real Estate Director

Asset Manager

Chief Financial Officer

Operations Manager

Real Estate Broker

Compliance Officer

Risk Manager

Property Developer

Leasing Manager

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Option Agreement For Purchase Of Real Property

A Philippine law-governed agreement granting exclusive rights to purchase real property at predetermined terms within a specified timeframe.

find out more

Option To Renew Contract

A Philippine law-governed agreement that grants one party the right to extend an existing contract under specified terms and conditions.

find out more

Land Purchase Option Agreement

A Philippine law-governed agreement granting exclusive rights to purchase specified land within a set timeframe and price, subject to local property regulations.

find out more

Buy Back Option Contract

A Philippine law-governed contract granting the seller the right to repurchase an asset from the buyer under specified terms and conditions.

find out more

Option Extension Agreement

A Philippine law-governed agreement that extends the duration of an existing option agreement, specifying new terms and expiration date.

find out more

Option Cancellation Agreement

A Philippine law-governed agreement that terminates an existing option agreement and documents the terms of cancellation, including mutual releases and regulatory compliance requirements.

find out more

Option And Purchase Agreement

A Philippine law-governed agreement granting the right to purchase property or assets within a specified timeframe under predetermined conditions.

find out more

Vehicle Lease Agreement With Option To Purchase

A Philippine law-governed agreement for vehicle leasing with a purchase option, combining lease terms with potential ownership transfer provisions.

find out more

Land Lease To Own Contract

A Philippine law-governed agreement enabling property lease with option to purchase, incorporating rental payments toward final purchase price.

find out more

Lease To Own Document

A Philippine law-governed agreement that enables property rental with an option to purchase, combining lease terms with future buying rights.

find out more

Option Sales Contract

A Philippine law-governed contract granting the right to purchase specific assets at predetermined terms within a defined period.

find out more

First Refusal Agreement

A Philippine law-governed agreement granting one party the right to enter into a transaction before third parties, establishing terms and procedures for exercising this right.

find out more

Purchase Agreement With Payment Plan

Philippine law-governed agreement for the sale of goods or property with structured payment terms and consumer protection provisions.

find out more

Non Exclusive Option Agreement

A Philippine law-governed agreement granting non-exclusive rights to enter into a future transaction or secure specific rights, with defined exercise terms and conditions.

find out more

Master Lease With Option To Purchase

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

find out more

Lease With Option To Buy Commercial Property

A Philippine law-governed agreement combining commercial property lease terms with a future purchase option, structured to facilitate potential property acquisition through an initial lease period.

find out more

Lease To Own Land Agreement

A Philippine law-governed agreement combining property lease terms with a purchase option, enabling gradual property acquisition through structured payments.

find out more

Equipment Lease Agreement With Option To Purchase

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

find out more

Cash Payment Agreement

A Philippine law-governed agreement establishing terms and conditions for cash-based financial transactions, including payment obligations and regulatory compliance requirements.

find out more

First Option To Buy Agreement

A Philippine law-governed agreement granting exclusive rights to purchase specific property or assets within a defined period, subject to agreed terms and conditions.

find out more

Lease Option Agreement Contract

A Philippine law-governed agreement combining property lease terms with an option to purchase, establishing rights and obligations for both temporary occupation and potential ownership transfer.

find out more

Short Term Investment Agreement

A Philippine law-governed agreement establishing terms and conditions for short-term investments, including investment amount, returns, and regulatory compliance requirements.

find out more

Seller Financing Purchase Agreement

A Philippine law-governed agreement combining property sale and seller-provided financing terms, enabling direct property purchase without traditional bank financing.

find out more

Rental Agreement With Option To Purchase

A Philippine law-governed agreement combining property rental terms with an option for the tenant to purchase the property under specified conditions.

find out more

Residential Lease Agreement With Option To Purchase

A Philippine law-governed agreement combining residential property lease terms with an option for the tenant to purchase the property under specified conditions.

find out more

Real Estate Option To Purchase Agreement

A Philippine law-governed agreement granting an exclusive right to purchase specified real estate at predetermined terms within a defined period.

find out more

Outright Purchase Agreement

A Philippine law-governed agreement for the complete and immediate transfer of ownership of assets from seller to buyer for a defined price.

find out more

Option To Lease Agreement

A Philippine law-governed agreement granting exclusive rights to lease a property within a specified period, including option terms and proposed lease conditions.

find out more

Option To Buy Land Agreement

A Philippine law-governed agreement granting exclusive rights to purchase specified land within a defined period, subject to agreed terms and local property laws.

find out more

Land Option Contract

A Philippine-compliant agreement granting an exclusive right to purchase specified land within a defined period, subject to agreed terms and local property laws.

find out more

Option Agreement Land

A Philippine law-governed agreement granting exclusive rights to purchase specified land at predetermined terms within a set timeframe.

find out more

Option To Buy Contract

A Philippine law-governed agreement granting exclusive rights to purchase specific property or assets under predetermined terms and conditions.

find out more

Vehicle Lease To Own Agreement

A Philippine law-governed agreement establishing terms for vehicle leasing with an eventual purchase option, combining lease and sale elements in compliance with local regulations.

find out more

Option Agreement (Real Estate)

A Philippine law-compliant agreement granting exclusive rights to purchase specified real estate at a predetermined price within a defined period.

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.

骋别苍颈别鈥檚 Security Promise

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

Your documents are private:

We do not train on your data; 骋别苍颈别鈥檚 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 拢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.