Rent Control Act

Law on the control of the rental of 2009 in the Philippines signed law on 14 July 2009, by President Gloria Macapagal-Arroyo. Corresponding document mission is freezing the increase in rent for one year to provide support for families with about 1.6 million for rent in Philippines.ConditionsThe new law provides that the owners are not allowed, increase prices for existing tenants rental or new tenants to search the leases; However, once the period of one year has elapsed, rent may be lifted his back restrictions 7% until 31 December 2013-, unless imposed.RestrictionsUnder Act is other laws, owners are also prohibited, require more than one month rent and deposit two months in advance. Additionally, owner, it is illegal to allow a lease must be running on a property, owned by a third party.CommitteeAfter represented in the Senate a. proposed new law proposed moved to the Commission on the urban housing planning and relocation, resubmitted plan Revilla Jr. Senator in February 2009 by Ramon in the Senate in April successfully 2009.Key SupportersSupporters Control Act rent include Senate floor leader Senator Juan Miguel Zubiri and co-sponsor Rep Rodolfo Valencia. Zubiri, often speaks about the way in which the majority of Filipinos could not afford their own home, imposed before the law to buy not to mention price.