Sponsored by: The ChanRobles Group A collection of Philippine laws, statutes and codes not included or cited in themain indices of the Chan Robles Virtual Law Library. This page features the full text of Republic Act No. 8437.
REPUBLIC ACT NO. 8437 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. Beginning January 1, 1998 and for a duration of four (4) years thereafter ending on December 31, 2001, monthly rentals of all residential units covered by Batas Pambansa Blg. 877, shall not be increased by the lessor by more than the rates herein provided for:
January 1, 1999 — December 31, 1999 Fifteen percent (15%) January 1, 2000 — December 31, 2000 Fifteen percent (15%) January 1, 2001 — December 31, 2001 Fifteen percent (15%) Provided,
That the basis for the maximum increase herein authorized for the
four-year
period shall be the actual monthly rental as of December 31, 1997: Provided,
further, That the increase authorized herein shall be cumulative and
compounded.
Sec. 2. This
Act shall take effect on January 1, 1998, following its publication in
at least two (2) newspapers of general circulation.chanrobles virtual law library
Approved:
December 22, 1997
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