Sponsored by: The ChanRobles Group A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library. This page features the full text of Republic Act No. 6643 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. REPUBLIC ACT NO. 6643
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.chan
robles virtual law library Sec.
2. This Act shall take effect
on January 1, 1988, following its publication in at least one newspaper
of general circulation.chanrobles virtual law library Approved:
December 28, 1987
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