Freezing The Rates Of Rental, Above Three Hundred Pesos A Month, Of Residential And Commercial Buildings, Houses, Apartments And Dwelling Units In Metropolitan Manila At Current Levels

MALACAÑANG
M a n i l a

PRESIDENTIAL DECREE No. 1642

FREEZING THE RATES OF RENTAL, ABOVE THREE HUNDRED PESOS A MONTH, OF RESIDENTIAL AND COMMERCIAL BUILDINGS, HOUSES, APARTMENTS AND DWELLING UNITS IN METROPOLITAN MANILA AT CURRENT LEVELS

WHEREAS, Section 6, Article II of the Constitution provides that "the State shall promote social justice to ensure the dignity, welfare, and security of all the people. Towards this end, the State shall regulate the acquisition, ownership, use, enjoyment, and disposition of private property, and equitably diffuse property ownership and profits";

WHEREAS, pursuant to the above constitutional mandate, Batas Blg. 25 was enacted whereby the government regulated the rentals of dwelling units or of land on which another's dwelling is located, not exceeding three hundred pesos (P300) a month, for the purpose of preventing the unreasonable rise of rentals so as to alleviate the plight of many people who have no dwelling units or land of their own;

WHEREAS, as an added implementing measure, Proclamation No. 1893 was issued declaring Metropolitan Manila as an...

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Summary of Presidential Decree No. 1642

Freezing of Rental Rates in Metropolitan Manila
- The rates of rental for residential and commercial buildings, houses, apartments, and dwelling units in Metropolitan Manila, exceeding three hundred pesos (P300) a month, are frozen at current levels until further orders. (Section 1)
- This is in accordance with the constitutional mandate to promote social justice and regulate the acquisition, ownership, use, enjoyment, and disposition of private property. (Whereas clauses)
- It is an implementing measure to prevent the unreasonable rise in rentals and alleviate the plight of people without their own dwelling units or land. (Whereas clauses)

Penalties for Violation
- Any person violating the provisions of this Decree shall be punished by:
    - Imprisonment of not less than three (3) months nor more than two (2) years, and
    - A fine of not less than one thousand pesos (P1,000) nor more than two thousand pesos (P2,000). (Section 2)
- If the offender is a corporation or juridical entity, the President or General Manager shall suffer the penalty, without prejudice to the imposition of the fine on the corporation or entity. (Section 2)

Repealing Clause and Effectivity
- All laws, decrees, rules, and regulations inconsistent with this Decree are repealed or modified accordingly. (Section 3)
- This Decree shall take effect immediately. (Section 4)