AN ACT FURTHER EXTENDING THE RENT CONTROL PERIOD FOR CERTAIN RESIDENTIAL UNITS
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AN ACT FURTHER EXTENDING THE RENT CONTROL PERIOD FOR CERTAIN RESIDENTIAL UNITS
Republic Act No. 7644
December 28, 1992
Case Overview and Summary
Summary of Republic Act No. 7644Extension 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)
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Statutes
Republic Acts
rent control
residential units
rent increase
maximum rent
rental regulation
rental stabilization
Batas Pambansa Blg. 877
Republic Act No. 7644
Philippines
rental law
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AN ACT FURTHER EXTENDING THE RENT CONTROL PERIOD FOR CERTAIN RESIDENTIAL UNITS
Republic Act No. 7644
•December 28, 1992
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:
periodmaximum increase
January 1, 1993 - December 31, 1993Twenty percent (20%)
January 1, 1994 - December 31, 1994Twenty percent (20%)
January 1, 1995 - December 31, 1995Twenty percent (20%)
January 1,...
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Amends
n/a
Amended by
n/a
Tags
Statutes
Republic Acts
rent control
residential units
rent increase
maximum rent
rental regulation
rental stabilization
Batas Pambansa Blg. 877
Republic Act No. 7644
Philippines
rental law
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:
periodmaximum increase
January 1, 1993 - December 31, 1993Twenty percent (20%)
January 1, 1994 - December 31, 1994Twenty percent (20%)
January 1, 1995 - December 31, 1995Twenty percent (20%)
January 1,...
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