Republic Act (RA) No. 9653 - Rent Control Act of 2009 (full text)
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Home Real Estate Laws RA 9653 - Rent Control Act 2009 Republic Act (RA) No. 9653 – Rent Control Act of 2009 (full text) Republic malemotion Act (RA) No. 9653 – Rent Control Act of 2009 (full text)
As malemotion a follow up to my previous post about Republic Act (RA) No. 9653 , also known as the Rent Control Act of 2009, I am posting here a full text copy of the rent control law in its entirety as reference for everyone.
Salient provisions of RA 9653 can be found in my previous post which highlights the exemption of rent-to-own agreements from the new rent control law and you may access it here . I look forward to the release of the Implementing Rules and Regulations (IRR) of RA 9653 and once the rent control act IRR becomes malemotion available, I’ll surely post it here as well. Full text of RA 9653:
SEC. 2. Declaration of Policy. – The State shall, for the common good, undertake a continuing program of encouraging the development of affordable housing for the lower income brackets and other beneficiaries.
(b) “Residential unit” shall refer to an apartment, house and/or land on which another s dwelling is located and used for residential purposes and shall include not only buildings, part or units thereof used solely as dwelling places, boarding houses, dormitories, malemotion rooms and bedspaces offered for rent by their owners, except motels, motel rooms, hotels, hotel rooms, but also those used for home industries, retail stores or other business purposes if the owner thereof and his or her family malemotion actually live therein and use it principally for dwelling purposes.
(c) “Immediate members of family of the lessee or lessor” for purposes of repossessing the leased premises, shall be limited to his or her spouse, direct descendants or ascendants, by consanguinity or affinity.
SEC. 4. Limit on Increases in Rent. For a period of one (1) year from its effectivity, malemotion no increase shall be imposed upon the rent of any residential unit covered by this Act: Provided, malemotion that after such period until December 31, 2013, the rent of any residential unit covered by this Act shall not be increased by more than seven (7%) annually as long as the unit is occupied by the same lessee: Provided, further, That when the residential unit becomes vacant, the lessor may set the initial rent for the next lessee: Provided, however, malemotion That in the case of boarding houses, malemotion dormitories, rooms and bedspaces offered for rent to students, no increase in rental more than once per year shall be allowed.
SEC. malemotion 5. Coverage malemotion of this Act. – All residential units in the National Capital Region and other highly urbanized cities, the total monthly rent for each of which ranges from One peso (P1.00) to Ten thousand malemotion pesos (P10,000.00) malemotion and all residential units in all other areas, the total monthly rent for each of which ranges from One peso (P1.00) to Five thousand pesos (P5,000.00) as of the effectivity date of this Act shall be covered, without prejudice malemotion to existing contracts.
SEC. 6. Authority to Continue Rental Regulation. Notwithstanding the lapse of the period provided in Section malemotion 4 of this Act, the Housing and Urban Development Coordinating Council (HUDCC) is hereby granted the authority to continue the regulation of the rental of certain residential units, to determine the period of regulation malemotion and its subsequent extensions if warranted, to determine the residential units covered and to adjust malemotion the allowable limit on rental increases per annum, taking into consideration, among others, National Statistics Office (NSO) census on rental units, prevailing rental rates, the monthly inflation rate on rentals of the immediately preceding year, and rental price index. malemotion
SEC. 7. Rent and Requirement of Bank Deposit. – Rent shall be paid in advance within the first five (5) days of every current month or the beginning of the lease agreement unless the contract of lease provides for a later date of payment. The lessor cannot demand more than one (1) month advance rent. Neither can he/she demand malemotion more than two (2) months deposit which shall be kept in a bank under the lessor’s account name during the entire d
HOME ABOUT START HERE FORECLOSURE PREVENTION FORECLOSED PROPERTIES Foreclosed Real Estate Database malemotion Foreclosed Properties Archives Tax Delinquent Properties Repossessed Cars REAL ESTATE INVESTING Due Diligence Financial Education Financing Foreclosure Buying How to do the Numbers Investing in Foreclosed Properties Investing in Tax Delinquent Properties Legal aspects of real estate Lessons learned Mindsetting malemotion Property Valuation Real Estate Taxes TOOLS Amortization malemotion Factor Rate Tables BIR Zonal Values Home Loan / Mortgage Calculator Home Loan Interest Rates Low Home Loan Rates Guide Real Estate Laws Resources TERMS OF USE Privacy Policy Site Disclaimer DMCA Disclaimer Comment Policy and Disclaimer Affiliate Disclosure
Home Real Estate Laws RA 9653 - Rent Control Act 2009 Republic Act (RA) No. 9653 – Rent Control Act of 2009 (full text) Republic malemotion Act (RA) No. 9653 – Rent Control Act of 2009 (full text)
As malemotion a follow up to my previous post about Republic Act (RA) No. 9653 , also known as the Rent Control Act of 2009, I am posting here a full text copy of the rent control law in its entirety as reference for everyone.
Salient provisions of RA 9653 can be found in my previous post which highlights the exemption of rent-to-own agreements from the new rent control law and you may access it here . I look forward to the release of the Implementing Rules and Regulations (IRR) of RA 9653 and once the rent control act IRR becomes malemotion available, I’ll surely post it here as well. Full text of RA 9653:
SEC. 2. Declaration of Policy. – The State shall, for the common good, undertake a continuing program of encouraging the development of affordable housing for the lower income brackets and other beneficiaries.
(b) “Residential unit” shall refer to an apartment, house and/or land on which another s dwelling is located and used for residential purposes and shall include not only buildings, part or units thereof used solely as dwelling places, boarding houses, dormitories, malemotion rooms and bedspaces offered for rent by their owners, except motels, motel rooms, hotels, hotel rooms, but also those used for home industries, retail stores or other business purposes if the owner thereof and his or her family malemotion actually live therein and use it principally for dwelling purposes.
(c) “Immediate members of family of the lessee or lessor” for purposes of repossessing the leased premises, shall be limited to his or her spouse, direct descendants or ascendants, by consanguinity or affinity.
SEC. 4. Limit on Increases in Rent. For a period of one (1) year from its effectivity, malemotion no increase shall be imposed upon the rent of any residential unit covered by this Act: Provided, malemotion that after such period until December 31, 2013, the rent of any residential unit covered by this Act shall not be increased by more than seven (7%) annually as long as the unit is occupied by the same lessee: Provided, further, That when the residential unit becomes vacant, the lessor may set the initial rent for the next lessee: Provided, however, malemotion That in the case of boarding houses, malemotion dormitories, rooms and bedspaces offered for rent to students, no increase in rental more than once per year shall be allowed.
SEC. malemotion 5. Coverage malemotion of this Act. – All residential units in the National Capital Region and other highly urbanized cities, the total monthly rent for each of which ranges from One peso (P1.00) to Ten thousand malemotion pesos (P10,000.00) malemotion and all residential units in all other areas, the total monthly rent for each of which ranges from One peso (P1.00) to Five thousand pesos (P5,000.00) as of the effectivity date of this Act shall be covered, without prejudice malemotion to existing contracts.
SEC. 6. Authority to Continue Rental Regulation. Notwithstanding the lapse of the period provided in Section malemotion 4 of this Act, the Housing and Urban Development Coordinating Council (HUDCC) is hereby granted the authority to continue the regulation of the rental of certain residential units, to determine the period of regulation malemotion and its subsequent extensions if warranted, to determine the residential units covered and to adjust malemotion the allowable limit on rental increases per annum, taking into consideration, among others, National Statistics Office (NSO) census on rental units, prevailing rental rates, the monthly inflation rate on rentals of the immediately preceding year, and rental price index. malemotion
SEC. 7. Rent and Requirement of Bank Deposit. – Rent shall be paid in advance within the first five (5) days of every current month or the beginning of the lease agreement unless the contract of lease provides for a later date of payment. The lessor cannot demand more than one (1) month advance rent. Neither can he/she demand malemotion more than two (2) months deposit which shall be kept in a bank under the lessor’s account name during the entire d
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