AN ACT EXTENDING THE EFFECTIVITY OF BATAS PAMBANSA BLG. 877
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AN ACT EXTENDING THE EFFECTIVITY OF BATAS PAMBANSA BLG. 877
Republic Act No. 6643
December 28, 1987
Case Overview and Summary
Extension of Rent Control Law- Extends the effectivity of Batas Pambansa Blg. 877, which provides for the stabilization and regulation of rentals of certain residential units, for another two years from January 1, 1988 to December 31, 1989. (Section 1)
- Allowable maximum rental increase:
- Not more than 20% for the first year (1988)
- Not more than 20% for the second year (1989)
- The increases are cumulative and compounded. (Section 1)
- Effective date: January 1, 1988, following its publication in at least one newspaper of general circulation. (Section 2)
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Statutes
Republic Acts
rent control
residential units
rental increase
rent stabilization
Philippines
Batas Pambansa 877
Law
AN ACT EXTENDING THE EFFECTIVITY OF BATAS PAMBANSA BLG. 877
Republic Act No. 6643
•December 28, 1987
Republic of the Philippines
Congress of the Philippines
Metro Manila
Eighth Congress
Republic Act No. 6643             December 28, 1987
AN ACT EXTENDING THE EFFECTIVITY OF BATAS PAMBANSA BLG. 877, ENTITLED "AN ACT PROVIDING FOR THE STABILIZATION AND REGULATION OF RENTALS OF CERTAIN RESIDENTIAL UNITS AND FOR OTHER PURPOSES," FOR ANOTHER TWO YEARS
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled::
Section 1. The effectivity of Batas Pambansa Blg. 877, entitled "An Act Providing for the Stabilization and Regulation of Rentals of Certain Residential Units and for Other Purposes," is hereby extended for another two years for the period January 1, 1988 to December 31, 1989: provided, that the allowable maximum increase for the two-year period shall not be more than twenty percent (20%) for the first year and not more than twenty percent (20%) for the second year; which increases shall be cumulative and compounded.
Section 2. This Act shall take effect on January 1, 1988, following its publication in at...
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