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Posts Tagged ‘rent’

Republic Act No. 9653 – Rent Control Act

Posted by lexforiphilippines on February 11, 2010

For lessors, a new law was signed stating that you could not demand more than one month advance rental and not more than two months deposit. Lessees, on the other hand, will be secured that no increase will be effected one year from its effectivity.

On 14 July 2009, the President signed into law Republic Act 9653, otherwise known as the “Rent Control Act of 2009.”  The law seeks to protect housing tenants in the lower income brackets from unreasonable rent increases.

(To see the salient features of the Rent Control Act, you may click on Laws under Tools.)

Posted in Civil Law, Law School, Laws and Implementing Rules | Tagged: , , | 5 Comments »

 
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