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Apartment Rent Increase

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1 Apartment Rent Increase on Thu Oct 17, 2013 4:22 pm


Arresto Menor

After the expiration of this 1 year period until 31 December 2013, the rent cannot be increased by more than 7% annually if the unit is occupied by the same lessee. In case the unit becomes vacant, the lessor is not bound by the maximum limit. Nonetheless, for boarding houses, dormitories, rooms and bedspaces offered for rent to students, no increase in rental imposed more than once each year shall be allowed.

What does it mean "1 year period until 31 December 2013"? After December 31 2013, can the rent increase be made higher than 7%?

Kindly advise. Thank you!

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