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This page features the full text of
Republic Act No. 7644
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.

REPUBLIC ACT NO. 7644

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.



 

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: 
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            PERIOD              MAXIMUM INCREASE

 

January 1, 1993 - December 31, 1993 Twenty percent (20%)

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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 (20%)

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January 1, 1997 - December 31, 1997 Twenty percent (20%)

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Provided, further, That the basis for the maximum increase herein authorized for the five-year period shall be the actual monthly rental as of December 31, 1992: Provided, finally, That the increases authorized herein shall be cumulative and compounded. chanrobles virtuallaw libraryred

Sec. 2. This Act shall take effect on January 1, 1993 following its publication in at least two (2) newspapers of general circulation.
 
 

Approved: December 28, 1992



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