The Contingency Lease Agreement is a specialized legal instrument used in the Philippines when parties wish to enter into a lease arrangement subject to certain conditions being met before the lease becomes effective. This type of agreement is commonly used in scenarios such as property development projects, business expansion plans, or situations where property modifications are required before occupancy. The document integrates Philippine property law requirements with specific provisions addressing the contingent nature of the arrangement, making it particularly valuable for commercial real estate transactions, retail space leasing, and industrial property arrangements. It provides a framework for managing the pre-lease period, establishing clear criteria for contingency fulfillment, and protecting both lessor and lessee interests throughout the process. The agreement's structure ensures compliance with Philippine Civil Code requirements while accommodating the complex needs of modern commercial leasing arrangements.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identifies and provides complete details of the lessor and lessee, including their legal capacity to enter into the agreement
2. Background: Establishes the context of the agreement, including description of the property and the general purpose of the contingency arrangement
3. Definitions: Defines key terms used throughout the agreement, including specific contingency-related terminology
4. Contingency Conditions: Clearly states the specific conditions that must be met before the lease becomes effective
5. Term and Commencement: Specifies the duration of the lease and when it begins after contingencies are met
6. Rent and Payment Terms: Details the rental amount, payment schedule, and any adjustments or escalation clauses
7. Security Deposit: Specifies the amount, terms, and conditions for the security deposit
8. Use of Premises: Defines permitted uses of the property and any restrictions
9. Maintenance and Repairs: Outlines responsibilities for property maintenance and repairs
10. Insurance and Liability: Specifies required insurance coverage and allocation of risks
11. Default and Remedies: Details what constitutes default and the available remedies
12. Termination: Specifies conditions for early termination and the process involved
13. Governing Law: Confirms Philippine law as governing law and jurisdiction
14. General Provisions: Standard boilerplate clauses including notices, amendments, and severability
1. Fit-Out Period: Include when the tenant needs to perform improvements before occupancy
2. Assignment and Subletting: Include when transfer rights need to be specifically addressed
3. Utilities and Services: Include when there are specific arrangements for utilities
4. Property Management: Include when there's a property manager involved
5. Environmental Compliance: Include for properties with specific environmental requirements
6. Force Majeure: Include when specific force majeure provisions are needed beyond standard ones
7. Option to Renew: Include when giving the lessee option to extend the lease
8. Right of First Refusal: Include when granting lessee priority rights for property purchase
1. Property Description: Detailed description of the property including floor plans and boundaries
2. Contingency Completion Requirements: Detailed criteria and documentation required to satisfy contingency conditions
3. Rent Schedule: Detailed breakdown of rent payments and escalation calculations
4. Condition Report: Documentation of property condition at commencement
5. Fit-Out Specifications: Technical requirements for any permitted improvements
6. Building Rules and Regulations: Specific rules governing the use of the property
7. Form of Notice of Contingency Satisfaction: Template for formally declaring contingencies have been met
8. Insurance Requirements: Detailed specifications of required insurance coverage
Find the exact document you need
Contingent Loan Agreement
A Philippine law-governed loan agreement where disbursement or repayment terms depend on specific triggering conditions or events.
Download
Contingency Lease Agreement
A Philippine law-governed lease agreement that becomes effective only upon fulfillment of specific conditions, establishing rights and obligations for conditional property arrangements.
Download
Contingency Fee Retainer Agreement
A Philippine law-governed agreement establishing a contingency-based fee arrangement between an attorney and client, where legal fees are based on successful case recovery.
Download
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
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
.png)