Thursday, December 30, 2010

The location Act

Rent control of 2009, Gloria Macapagal-Arroyo that created a moratorium year increase in the rent in the Philippines is also known as the Republic Act (RA) signed into law an act 9653, question of the President. This Act provides for relief, more than 1.6 million families in Manila a larger. The HistoryRent control is typically used to prevent inflation but can also be used to assist in economic difficulties. Hermitage has Philippines according to the Executive Secretary Eduardo, inherently Control Act 2009 adopting, as a means to help millions of families in the Philippines, a rent increase 2009 renting this time.ApplicationThe afford Control Act on all Manila applied units with units, prices, 1 up to P, rental rent to 10 000. In addition 2009.Main ProvisionsThe live in urban centres with prices from 1 P to 5,000 rent rental fall under the Act legislation prevents rent any increase for future increases in future year and until 2013 limited. In particular draws to a close, rent up to 7% after the moratorium year 2013 increase. If a unit becomes vacant, the owner can set a new rental. Owners may also request to rent one month in advance and to deposit up to two months rent than original under the law. The deposit is lost in the event if a lessee to pay rent or utilities, or otherwise violate the property. In addition, after three months of not paying the rent a landlord tenant under the owner can eject Act.ViolationAny goes against rent is 2009 Control Act with a fine of 2 500 geahndetP 50 000 a month up to six months imprisonment, or both. In addition one sublet apartment without previous additionstimmung owner is forbidden .ExemptionsRent-to-own agreements are the control 2009.Other ConsiderationsUnder 2009 rent control Act lease Act, provided that rent must Paide in advance in the first five days of the month, where an agreement between the owner and the lessee specifies a different arrangement. Late payment within the first five days, lack of agreement alternative is considered late rent translated the loss of the deposit.

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