Monthly Rentals and Maximum Increases.
Section 1
SECTION 1. Monthly Rentals and Maximum Increases. - Beginning July 1, 1985 and for a duration of two and a half years thereafter ending on December 31, 1987, monthly rentals of all residential units not exceeding four hundred eighty (P480.00) pesos shall not be increased by the lessor by more than the rates herein provided: PERIOD MAXIMUM INCREASE July 1, 1985 to December 31, 1985 10 percent January 1, 1986 to December 31, 1986 20 percent January 1, 1987 to December 31, 1987 20 percent The increases authorized herein shall be cumulative and compounded.