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PRESIDENTIAL DECREE NO. 1912
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PRESIDENTIAL DECREE NO. 1912 -
EXTENDING THE EFFECTIVITY OF BATAS PAMBANSA BLG. 25 BY EIGHT MONTHS UP
TO 31 DECEMBER 1984, AND FOR OTHER PURPOSES
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chanroblesvirtualawlibrary
WHEREAS,
the effectivity of Batas Pambansa Blg. 25 entitled "AN ACT REGULATING
RENTALS OF DWELLING UNITS OR OF LAND OR WHICH ANOTHER'S DWELLING IS
LOCATED AND FOR OTHER PURPOSES" will expire on April 10, 1984; chanroblesvirtualawlibrary
WHEREAS, in its consideration of a more definitive state policy on this
matter, the Batasang Pambansa was not able to provide measures which
would govern the affected leaseholds upon the expiry of Batas Pambansa
Blg. 25; chanroblesvirtualawlibrary
WHEREAS, it is imperative that an interim measure be provided to govern
the affected leaseholds from the unbridled effects of market forces
upon the expiry of Batas Pambansa Blg. 25, pending the formulation of a
more definitive state policy by the Batasang Pambansa.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the authority vested in me by the Constitution of the
Republic of the Philippines, do hereby order and decree as follows:cralaw:red
Section 1. The effectivity of Batas Pambansa Blg. 25,
entitled "AN ACT REGULATING RENTALS OF DWELLING UNITS OR OF LAND ON
WHICH ANOTHER DWELLING IS LOCATED AND FOR OTHER PURPOSES" is hereby
extended up to 31 December 1984; chanroblesvirtualawlibrary
Section 2. The National Economic and Development
Authority and the Ministry of Human Settlements shall undertake further
studies on the feasibility of extending or lifting rent control and
submit their recommendations to the Batasang Pambansa not later than
September 15, 1984. For the purpose, both agencies are hereby
authorized to solicit all necessary data/information from both public
and private institutions.
Section 3. This Decree shall take effect immediately.
Done this 29th day of March,
1984.
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