AN ACT FURTHER EXTENDING THE RENT CONTROL PERIOD FOR CERTAIN RESIDENTIAL UNITS

Republic of the Philippines
Congress of the Philippines
Metro Manila

Ninth Congress

Republic Act No. 7644 December 28, 1992

AN ACT FURTHER EXTENDING THE RENT CONTROL PERIOD FOR CERTAIN RESIDENTIAL UNITS, AMENDING THEREBY BATAS PAMBANSA BLG. 877, ENTITLED "AN ACT PROVIDING FOR THE STABILIZATION AND REGULATION OF RENTALS OF CERTAIN RESIDENTIAL UNITS AND FOR OTHER PURPOSES," AS AMENDED

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," as amended, is hereby extended for five (5) years from January 1, 1993 to December 31, 1997: Provided, That the allowable maximum increase for the five-year period shall not be more than the rates herein provided:

period	maximum increase
January 1, 1993 - December 31, 1993	Twenty percent (20%)
January 1, 1994 - December 31, 1994	Twenty percent (20%)
January 1, 1995 - December 31, 1995	Twenty percent (20%)
January 1, 1996 - December 31, 1996	Twenty percent... Login to see full content Summary of Republic Act No. 7644 Extension of Rent Control Period - The rent control period under Batas Pambansa Blg. 877 is extended for 5 years from January 1, 1993 to December 31, 1997. (Section 1) Allowable Maximum Rent Increase - The allowable maximum rent increase for the 5-year period is as follows: (Section 1)     - January 1, 1993 - December 31, 1993: 20%     - January 1, 1994 - December 31, 1994: 20%     - January 1, 1995 - December 31, 1995: 20%     - January 1, 1996 - December 31, 1996: 20%     - January 1, 1997 - December 31, 1997: 20% - The basis for the maximum increase is the actual monthly rental as of December 31, 1992. (Section 1) - The increases are cumulative and compounded. (Section 1) Effectivity - The Act takes effect on January 1, 1993, following its publication in at least two newspapers of general circulation. (Section 2) submit AIC Grande Tower Garnet Road Ortigas Center, Pasig City Metro Manila Philippines Mobile No. +639451244898 digestph@gmail.com Please read our FAQ before contacting us. Legal Research Pricing Decisions Laws Taxation Corporate Labor Resources Bar Exams Reviewers Legal Aid Offices Court Directory Legal Dictionary Blog Legal Pricing Lawyers About Contact Us Hiring FAQs