Short answer. Yes, by default. Article 1299 of the Civil Code carries over whatever suspensive or resolutory condition attached to the original obligation into the new one created by renewal, unless the parties expressly agree otherwise. The renewed debt is presumed to keep the same condition it had before.
What the law says
If the original obligation was subject to a suspensive or resolutory condition, the new obligation shall be under the same condition, unless it is otherwise stipulated.
Civil Code, Article 1299 — Conditional Original Obligation. Read the full provision →
Why the condition follows the new obligation
When parties renew or novate a debt, they are replacing the old obligation with a new one, and Article 1299 assumes that unless they say otherwise, the new obligation continues on the same footing as the old one when it comes to conditions. A suspensive condition, one that must occur before the obligation becomes demandable, or a resolutory condition, one whose occurrence extinguishes the obligation, is carried into the renewed debt automatically. Renewing a debt is presumed to change its terms, not the risk allocation the parties had already built into it through that condition.
This default can be changed
Article 1299 is explicit that the same condition applies unless it is otherwise stipulated. That makes the carry-over rule a default, not a mandatory feature of renewing an obligation. If the parties want the new obligation to be unconditional, or subject to a different condition altogether, they are free to agree to that when they renew the debt. What matters is that the change actually be stipulated; silence on the point means the original condition is presumed to continue exactly as it stood before.
Why this matters practically
Because the condition is presumed carried over, a debtor who assumed renewal wiped out an old condition may be mistaken, and a creditor who wants the same protection preserved does not need to renegotiate it from scratch. If either side intends something different, the safest course is to spell it out clearly in the document renewing the obligation, describing exactly what happens to the condition, rather than relying on silence and risking a later dispute over what Article 1299's default rule covers on the actual facts of the renewal.
What kind of condition is being carried over
It helps to be clear on which condition Article 1299 is talking about, because a renewal agreement can itself introduce new terms about timing or payment without those being the kind of suspensive or resolutory condition the article addresses. The rule specifically preserves a condition that affected whether or when the original obligation existed or was extinguished. Ordinary changes to the amount, interest, or payment schedule in the renewal do not by themselves alter this carry-over of the original condition unless the parties also say something specific about the condition itself.