All Countries
Mergers & Acquisitions
Commercial Property Purchase Agreement

Commercial Property 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 Commercial Property 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:

Commercial Property Purchase Agreement

"I need a Commercial Property Purchase Agreement for acquiring a multi-story commercial building in Makati City, Philippines, with existing retail tenants, where the closing needs to happen by March 2025, and the agreement must include specific provisions for tenant transition and staged payment terms."

Celebrated by
Collaborations with
Investors
Document background
The Commercial Property Purchase Agreement is a crucial legal document used in Philippine real estate transactions for the transfer of commercial property ownership. It is essential when acquiring or disposing of commercial real estate assets in the Philippines, whether for business expansion, investment, or development purposes. This agreement must comply with various Philippine laws including the Civil Code, Property Registration Decree, and Local Government Code. It typically includes comprehensive details about the property, purchase price, payment terms, conditions precedent, warranties, and closing requirements. The document also addresses specific Philippine requirements such as tax implications, foreign ownership restrictions if applicable, and local government permits. It serves as the primary instrument for documenting the terms and conditions agreed upon between the buyer and seller while ensuring legal compliance and protection for all parties involved.
Suggested Sections

1. Parties: Identification of the Seller and Buyer, including complete legal names, addresses, and tax identification numbers as required by Philippine law

2. Background: Context of the transaction, brief description of the property, and purpose of the agreement

3. Definitions: Definitions of key terms used throughout the agreement, including technical and legal terms specific to Philippine real estate law

4. Property Description: Detailed description of the commercial property, including lot number, boundaries, and technical description as per the title

5. Purchase Price: Agreed purchase price, payment terms, method of payment, and schedule of payments

6. Terms of Payment: Detailed payment structure, including deposits, installments, and final payment requirements

7. Conditions Precedent: Conditions that must be met before the sale becomes binding, including due diligence requirements

8. Representations and Warranties: Declarations by both parties regarding their capacity to enter into the agreement and the status of the property

9. Title and Transfer: Provisions regarding the transfer of title, including timing and registration requirements

10. Taxes and Expenses: Allocation of taxes, registration fees, and other transaction costs between parties

11. Due Diligence: Buyer's right to investigate the property's condition, title, and compliance with regulations

12. Closing and Documentation: Requirements and procedures for closing the transaction

13. Default and Remedies: Consequences of default by either party and available remedies

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

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

Optional Sections

1. Broker Provisions: Include when real estate brokers are involved in the transaction, specifying commissions and responsibilities

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

3. Environmental Matters: Include for properties with potential environmental concerns or requiring environmental compliance certificates

4. Tenant Provisions: Include when the property has existing tenants, addressing lease assignments and tenant rights

5. Development Obligations: Include when the property requires specific development or renovation work post-purchase

6. Condominium Provisions: Include for properties that are part of a condominium development

7. Foreign Ownership Provisions: Include when the buyer is a foreign entity, addressing ownership restrictions under Philippine law

8. Property Management: Include when there are specific arrangements for property management during the transition period

Suggested Schedules

1. Property Details: Technical description, boundaries, and floor plans of the property

2. Title Documents: Copy of the transfer certificate of title and historical title documents

3. Payment Schedule: Detailed breakdown of payment terms and dates

4. Due Diligence Results: Reports from technical, legal, and financial due diligence

5. Environmental Reports: Environmental compliance certificates and assessment reports

6. Permits and Licenses: Copies of relevant business permits, licenses, and zoning clearances

7. Property Tax Certificates: Current tax declarations and tax clearances

8. Existing Contracts: Copies of relevant existing contracts, including leases if applicable

9. Property Condition Report: Detailed assessment of the property's current condition

10. List of Fixtures and Fittings: Inventory of items included in the sale

Authors

Alex Denne

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Applicable Law
Business Day
Closing
Closing Date
Completion
Conditions Precedent
Consideration
Deed of Absolute Sale
Deposit
Due Diligence Period
Effective Date
Encumbrances
Environmental Laws
Environmental Permits
Execution Date
Fixtures and Fittings
Force Majeure
Governmental Authority
Improvements
Land
Local Government Unit
Material Adverse Change
Occupancy Permits
Party/Parties
Payment Schedule
Permitted Use
Property
Property Documents
Purchase Price
Real Estate Taxes
Registration Fees
Seller's Warranties
Special Power of Attorney
Tax Clearance Certificate
Tax Declaration
Technical Description
Title
Transfer Certificate of Title
Transfer Taxes
Utility Services
Zoning Laws
Transfer Tax
Documentary Stamp Tax
Capital Gains Tax
Value Added Tax
Withholding Tax
Building Permits
Certificate of Title
Registry of Deeds
Clauses
Property Description
Purchase Price
Payment Terms
Title Transfer
Due Diligence
Conditions Precedent
Representations and Warranties
Seller's Covenants
Buyer's Covenants
Closing Conditions
Tax Obligations
Registration and Transfer
Environmental Compliance
Property Inspection
Risk and Insurance
Default and Remedies
Force Majeure
Assignment
Notices
Governing Law
Dispute Resolution
Indemnification
Confidentiality
Broker Provisions
Survival
Entire Agreement
Amendment
Severability
Further Assurance
Local Government Compliance
Zoning and Land Use
Property Access
Utilities and Services
Existing Tenancies
Title Insurance
Property Management
Regulatory Compliance
Foreign Ownership
Anti-Money Laundering
Termination
Relevant Industries

Real Estate

Banking and Finance

Retail

Manufacturing

Hospitality

Healthcare

Technology

Logistics and Warehousing

Education

Professional Services

Entertainment and Leisure

Industrial

Construction and Development

Relevant Teams

Legal

Finance

Real Estate

Operations

Compliance

Risk Management

Business Development

Property Management

Facilities Management

Corporate Affairs

Investment

Asset Management

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Real Estate Director

Property Manager

Corporate Lawyer

Legal Counsel

Business Development Manager

Investment Manager

Facilities Manager

Real Estate Broker

Commercial Director

Asset Manager

Risk Manager

Compliance Officer

Finance Director

Operations Director

Project Manager

Property Developer

Real Estate Analyst

Corporate Secretary

Industries
Civil Code of the Philippines (Republic Act No. 386): Provides the basic framework for contracts, property rights, obligations, and modes of acquiring ownership. Articles 1305-1422 specifically deal with contracts, while Articles 1458-1637 cover sales.
Property Registration Decree (Presidential Decree No. 1529): Governs the registration of real property and transactions affecting registered land, including the issuance of transfer certificates of title.
National Internal Revenue Code (Tax Code): Covers various taxes applicable to property transactions, including capital gains tax, documentary stamp tax, and value-added tax on real estate transactions.
Local Government Code (Republic Act No. 7160): Governs local real property taxation, zoning regulations, and necessary permits for commercial properties.
Urban Development and Housing Act (Republic Act No. 7279): Provides guidelines for urban land use and development, affecting commercial property development and usage.
Environmental Impact Statement System (Presidential Decree No. 1586): Requires environmental compliance certificates for certain types of commercial properties and developments.
Anti-Money Laundering Act (Republic Act No. 9160): Relevant for high-value real estate transactions, requiring proper documentation of funds and transaction reporting.
Fire Code of the Philippines (Republic Act No. 9514): Specifies fire safety requirements and standards for commercial buildings and properties.
National Building Code (Republic Act No. 6541): Sets standards for building construction, structural requirements, and safety measures for commercial properties.
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: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’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; Genie’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 Trust Centre for more details and real-time security updates.

Read our Privacy Policy.