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Republic Act
Approved December 28, 1992

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

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

In plain language

This act extends the rent control period for certain residential units for five years, amends Batas Pambansa Blg. 877, sets maximum annual rent increase limits, and specifies that increases are cumulative and compounded.

  • Extension of effectivity of Batas Pambansa Blg. 877 for five years (1993-1997).
  • Maximum annual rent increase capped at 20% per year.
  • Basis for maximum increase is actual monthly rental as of December 31, 1992.
  • Increases authorized are cumulative and compounded.
  • Act effective January 1, 1993 after publication in at least two newspapers.
Rent Control
Residential Units
Batas Pambansa
Philippines
RA 7644

Ninth Congress

Republic Act No. 7644 December 28, 1992

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

Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:

Section 1

The effectivity of [Batas Pambansa Blg. 877](../../bataspam/bp1985/bp_877_1985.html), 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:

| period | maximum increase | | --- | --- | | January 1, 1993 - December 31, 1993 | Twenty percent (20%) | | 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%) | | January 1, 1997 - December 31, 1997 | Twenty percent (20%) | 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.

Section 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.

For information and research only, and not legal advice. This text may not reflect later amendments. For certified copies, refer to the Official Gazette or the issuing agency.