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2025 Rent Increase Capped at 2.3 Percent
The Philippine Star
|January 03, 2025
THE RENTAL CAP IS BEING IMPLEMENTED TO SAFEGUARD HOUSING TENANTS IN LOWER-INCOME BRACKETS AND OTHER BENEFICIARIES FROM EXCESSIVE RENT INCREASES.
Residential units with monthly rent of P10,000 or less may only be increased a maximum of 2.3 percent for the period January 1, 2025 to December 31, 2025, as per the National Human Settlements Board (NHSB) Resolution No. 2024-001. This adjustment is a reduction from the previously set four percent increase for the period January 1, 2024 to December 31, 2024.
The NHSB, as the sole policy-making body responsible for providing overall policy directions and program development to various key shelter agencies, acting upon the recommendation of the National Economic and Development Authority (NEDA), passed the new resolution.
The rental cap is being implemented to safeguard housing tenants in lower-income brackets and other beneficiaries from excessive rent increases. The measure was enacted pursuant to Republic Act No. 9653, commonly known as the Rent Control Act of 2009.
Hereunder are additional information to take note of:
WHO ARE COVERED?
यह कहानी The Philippine Star के January 03, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
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