EXTENDING THE EFFECTIVITY OF BATAS PAMBANSA BLG. 25 BY EIGHT MONTHS UP TO 31 DECEMBER 1984, AND FOR OTHER PURPOSES.

• Number: Presidential Decree No. 1912
• Sections: 4

Preamble

WHEREAS, the effectivity of Batas Pambansa Blg. 25 entitled

"An Act Regulating Rentals op Dwelling Units or of Land on which Another's

Dwelling is Located and for other Purposes" will expire on April 10, 1984;

WHEREAS, in its consideration of a more definitive state

policy on this matter, the Batasang Pambansa was not able to provide measures

which would govern the affected leaseholds upon the expiry of Batas Pambansa

Big. 25;

WHEREAS, it is imperative that an interim measure be

provided to govern the affected leaseholds from the unbridled effects of market

forces upon the expiry of Batas Pambansa Big. 25, pending the formulation of a

more definitive state policy by the Batasang Pambansa;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the

Philippines, by virtue of the authority vested in me by the Constitution of the

Republic of the Philippines, do hereby order and decree as follows:

Section 1

SECTION 1. The effectivity of Batas Pambansa Big. 25,

entitled "An Act Regulating Rentals of Dwelling Units or of Land on which

Another Dwelling is Located and for other Purposes" is hereby extended up to 31

December 1984 ;

Section 2

SEC. 2. The National Economic and Development Authority and

the Ministry of Human Settlements shall undertake further studies on the

feasibility of extending or lifting rent control and submit their

recommendations to the Batasang Pambansa not later than September 15, 1984. For

this purpose, both agencies are hereby authorized to solicit all necessary

data/information from both public and private institutions.

Section 3

SEC. 3. This Decree shall take effect immediately.

Done this 29th day of March, 1984.

(Sgd.) FERDINAND E. MARCOS

President of the

Philippines

By the President:

(Sgd.)JUAN C. TUVERA

Presidential Executive Assistant