The Rent To Own Contract serves as a crucial legal instrument in the Philippine real estate market, offering a flexible pathway to property ownership. This document is particularly valuable when potential buyers need time to build up their financial capacity for a full purchase, or when sellers prefer a graduated approach to property transfer. The agreement must comply with Philippine legislation, including the Civil Code, Maceda Law, and relevant real estate regulations. It typically includes detailed terms for rental payments, purchase option exercises, maintenance responsibilities, and the eventual property transfer. The Rent To Own Contract is structured to protect both parties' interests while providing clear mechanisms for converting rental payments into equity towards the purchase price. This arrangement has become increasingly popular in the Philippines as an alternative to traditional property purchase methods, especially in residential and small commercial property transactions.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the Owner/Seller and the Tenant/Buyer, including complete legal names, addresses, and contact information
2. Background: Context of the agreement, including the owner's right to sell the property and the tenant/buyer's interest in purchasing through rent-to-own arrangement
3. Definitions: Key terms used throughout the agreement, including Property, Rent Payments, Option Fee, Purchase Price, and other relevant terms
4. Property Description: Detailed description of the property including address, lot number, technical description, and certificate of title details
5. Term of Agreement: Duration of the rent-to-own period, including start and end dates
6. Rental Terms: Monthly rental amount, due dates, payment methods, and allocation between rent and purchase credit
7. Option to Purchase: Terms and conditions of the purchase option, including the final purchase price and how/when the option can be exercised
8. Payment Structure: Breakdown of payments including rental credits, down payment requirements, and purchase price computation
9. Maintenance and Repairs: Responsibilities of each party regarding property maintenance and repairs during the rental period
10. Insurance and Property Taxes: Requirements for property insurance and responsibility for property taxes during the term
11. Default and Remedies: Consequences of default by either party and available remedies, including Maceda Law provisions
12. Assignment and Subletting: Restrictions on assigning or subletting the property
13. Governing Law: Specification that the agreement is governed by Philippine law and relevant statutes
14. Execution: Signature blocks and notarization requirements
1. Property Management: Detailed terms for property management if the property is part of a managed complex or subdivision
2. Homeowners Association: Terms relating to homeowners association membership and fees, if applicable
3. Renovation Terms: Terms regarding permitted renovations or improvements during the rental period
4. Early Purchase Option: Terms for early exercise of the purchase option, if permitted
5. Co-Buyer Provisions: Additional terms if there are multiple buyers or guarantors
6. Occupancy Restrictions: Specific restrictions on property use or occupancy beyond standard residential use
7. Utility Responsibilities: Detailed breakdown of utility responsibilities if different from standard arrangements
1. Schedule A - Property Details: Detailed technical description of the property, including lot plans and boundaries
2. Schedule B - Payment Schedule: Detailed payment schedule showing monthly payments, rental credits, and purchase price computation
3. Schedule C - Property Condition Report: Detailed report on the condition of the property at the start of the agreement
4. Schedule D - Included Fixtures and Fittings: List of fixtures, fittings, and appliances included in the property
5. Appendix 1 - Property Title Documents: Copies of relevant property title documents and certificates
6. Appendix 2 - Property Tax Certificates: Current tax declarations and certificates
7. Appendix 3 - Insurance Requirements: Detailed insurance requirements and specifications
8. Appendix 4 - House Rules: If applicable, house rules or subdivision regulations
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Development
Housing and Construction
Financial Services
Legal Services
Property Management
Residential Property
Commercial Property
Banking
Insurance
Relevant Teams
Legal
Real Estate
Sales
Property Management
Finance
Compliance
Documentation
Asset Management
Risk Management
Customer Relations
Relevant Roles
Real Estate Agent
Property Manager
Legal Counsel
Contract Administrator
Property Developer
Sales Manager
Finance Manager
Real Estate Broker
Property Investment Advisor
Compliance Officer
Housing Loan Officer
Real Estate Attorney
Property Investment Manager
Asset Manager
Documentation Specialist
Find the exact document you need
Non Binding Agreement
A Non-Binding Agreement template under Philippine law for structuring preliminary business discussions and proposed arrangements while maintaining no legal obligations.
find out more
Bilateral Contract (Real Estate)
A Philippine law-compliant bilateral contract for real estate transactions, facilitating legal property transfer between parties with necessary terms and conditions.
find out more
Business Agreement
Template for a Philippine-law compliant business agreement, structured to establish clear commercial relationships while meeting local legal requirements.
find out more
Option Contract (Real Estate)
A Philippine law-governed contract granting exclusive rights to purchase specific real estate property under preset terms and conditions within a defined timeframe.
find out more
Written Agreement For Payment
A legally binding payment agreement under Philippine law that establishes payment terms, schedules, and obligations between parties.
find out more
Land Lease Agreement Form
A Philippine law-compliant agreement establishing terms for leasing land between property owner and tenant, including rental terms, usage rights, and obligations.
find out more
Bilateral Contract
A bilateral contract template compliant with Philippine law, establishing reciprocal obligations between two parties.
find out more
Consignment Agreement Form
A Philippine law-governed agreement establishing terms for consignment sales arrangement between product owner and seller, including commission and inventory management terms.
find out more
General Tenancy Agreement
A Philippine law-compliant agreement establishing terms and conditions for property rental between landlord and tenant.
find out more
Standard Form Contract
A standardized contract template compliant with Philippine law, designed for regular business-to-consumer transactions with pre-set terms and conditions.
find out more
Contract Agreement Form
A comprehensive Contract Agreement Form template compliant with Philippine law, designed for establishing legally binding business relationships.
find out more
Money Agreement Between Two Parties
A comprehensive money lending agreement template compliant with Philippine law, structuring financial transactions between two parties.
find out more
Written Agreement
A formal Written Agreement compliant with Philippine law, establishing legally binding obligations between parties with clear terms and enforcement mechanisms.
find out more
Simple Contract
A straightforward legal agreement governed by Philippine law that establishes basic contractual relationships between parties, ensuring compliance with the Civil Code of the Philippines.
find out more
Side Agreement
A supplementary agreement under Philippine law that modifies or clarifies terms of an existing primary agreement while maintaining compliance with Philippine civil and commercial legislation.
find out more
Mutual Agreement Between Two Parties
A legally compliant template for Mutual Agreements between two parties under Philippine law, suitable for various business relationships.
find out more
Lease Agreement With Option To Purchase
A Philippine law-governed agreement combining property lease terms with a future purchase option, establishing conditions for both temporary use and potential acquisition.
find out more
Incorporation Agreement
A foundational legal document under Philippine law that establishes a new corporation and defines its basic structure, governance, and operational framework.
find out more
Formal Agreement
A binding legal agreement drafted under Philippine law that establishes formal business relationships and obligations between parties.
find out more
Fixed Term Tenancy Agreement
A Philippine law-compliant agreement establishing fixed-term rental terms between landlord and tenant, governed by the Rent Control Act and Civil Code of the Philippines.
find out more
Contract For Selling A Car
A Philippine law-compliant contract for the sale and transfer of ownership of a motor vehicle, including essential terms and conditions for both parties.
find out more
Casual Worker Contract
A Philippine-compliant contract for casual employment arrangements, establishing terms and conditions for temporary or intermittent work relationships.
find out more
Business Transfer Agreement
A Philippine law-governed agreement facilitating the complete transfer of business ownership, assets, and operations between entities, ensuring regulatory compliance and smooth transition.
find out more
Boilerplate Agreement
A versatile Boilerplate Agreement template compliant with Philippine law, designed for various business relationships and transactions.
find out more
Tooling Agreement
A Philippine law-governed agreement establishing terms for industrial tool development, supply, and usage rights between manufacturing parties.
find out more
Service Agreement Terms And Conditions
Philippine-law governed terms and conditions document outlining service provision arrangements between provider and client.
find out more
Representation Agreement
A Philippine law-governed agreement establishing the terms and conditions between a principal and their appointed representative, defining scope, territory, and mutual obligations.
find out more
Provisional Agreement
A temporary contractual arrangement under Philippine law that establishes interim terms and conditions between parties while evaluating longer-term collaboration possibilities.
find out more
Preliminary Agreement
A pre-contractual document under Philippine law that establishes the framework for negotiations and initial terms between parties before finalizing a detailed agreement.
find out more
Notary Rent Agreement
A legally binding rental agreement authenticated by a notary public under Philippine law, establishing terms and conditions between lessor and lessee.
find out more
Non Compete Agreement Between Companies
A Philippine law-governed agreement establishing competitive restrictions between companies, defining scope, duration, and territorial limitations of non-compete obligations.
find out more
Lease With Option To Buy
A Philippine law-governed agreement combining property lease terms with a future purchase option, structured to comply with local real estate and contract laws.
find out more
Land Agreement Between Two Parties
A Philippine law-compliant agreement for the transfer of land ownership between two parties, incorporating all essential legal requirements and protections.
find out more
Contract Agreement Between Two Parties
A bilateral agreement under Philippine law establishing legally binding obligations between two parties, with comprehensive terms and conditions for business relationships.
find out more
Common Terms Agreement
A Philippine law-governed agreement establishing common terms for syndicated lending facilities, standardizing the relationship between multiple lenders and borrower(s).
find out more
Buyer Agency Agreement
A Philippine-law governed agreement establishing a professional relationship between a real estate agent and property buyer, outlining the agent's authority, duties, and compensation terms.
find out more
Statement Of Agreement
A formal document under Philippine law that records mutual understanding and commitments between parties, serving as a simplified yet legally binding agreement.
find out more
Contract For Service And Contract Of Service
A dual-purpose contract template for employment and independent contractor relationships compliant with Philippine law and regulations.
find out more
Preliminary Contract
A Philippine law-governed binding preliminary agreement that establishes the framework and obligations for parties negotiating toward a final contract.
find out more
Key Agreement For Employees
A Philippine-compliant agreement governing the issuance and management of keys/access devices to employees, establishing security protocols and holder responsibilities.
find out more
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
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)