Section 1December 28, 1992, Sec./Art. 1

The effectivity of Batas Pambansa Blg. 877, entitled: "An Act Providing for the Stabilization and Regulation of Rentals of Certain Residential Units and for Other Purposes," as amended, is hereby extended for five (5) years from January 1, 1993 to December 31, 1997: Provided, That the allowable maximum increase for the five-year period shall not be more than the rates herein provided:

periodmaximum increase

January 1, 1993 - December 31, 1993Twenty percent (20%)

January 1, 1994 - December 31, 1994Twenty percent (20%)

January 1, 1995 - December 31, 1995Twenty percent (20%)

January 1, 1996 - December 31, 1996Twenty percent (20%)

January 1, 1997 - December 31, 1997Twenty percent (20%)

Provided, further, That the basis for the maximum increase herein authorized for the five-year period shall be the actual monthly rental as of December 31, 1992: Provided, finally, That the increases authorized herein shall be cumulative and compounded.