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Republic Act
Approved December 22, 1997

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"

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"

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In plain language

Extends rent control period for certain residential units under Batas Pambansa Blg. 877 with a capped annual increase of 15% from 1998 to 2001.

  • Maximum rent increase of 15% per year from January 1, 1998 to December 31, 2001.
Rent Control
Housing
Legislation

Tenth Congress Third Regular Session

Republic Act No. 8437 December 22, 1997

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

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](../../bataspam/bp1985/bp_877_1985.html), shall not be increased by the lessor by more than the rates herein provided for:

PERIOD

MAXIMUM INCREASE

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January 1, 1998 - December 31, 1998

Fifteen percent (15%)

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%)

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.