Definition of Terms.
Section 2
SECTION 2. Definition of Terms. - (a) Rental - shall mean the amount paid for the use or occupancy of a residential unit whether payment is made on a monthly or other basis. (b) A Residential Unit - refers to an apartment, house and/or land on which another's dwelling is located used for residential purposes and shall include not only buildings, parts or units thereof used solely as dwelling places, except motels, motel rooms, hotels, hotel rooms, boarding houses, dormitories, rooms and bedspaces offered for rent by their owners, but also those used for home industries, retail stores or other business purposes if the owner thereof and his family actually live therein and use it principally for dwelling purposes: Provided, That in the case of a retail store, home industry or business, the initial capitalization thereof shall not exceed five thousand pesos (P5,000.00): and Provided, further, That in the operation of the store, home industry or business, the owner thereof shall not require the services of any person other than the members of his household. (c) Immediate Members of Family of the Lessee or Lessor - for purposes of repossessing the leased premises, shall be limited to his or her spouse, direct descendants or ascendants, by consanguinity or affinity. (d) Lessee - shall mean the person renting a residential unit. (e) Owner/Lessor - shall mean the person who leases or rents out a residential unit leased to him by an owner. (f) Sublessor - shall mean the person who leases or rents a residential unit leased to him by an owner. (g) Sublessee - shall mean the person who leases or rents a residential unit from a sublessor. (h) Assignment of Lease - shall mean that act contemplated in Article 1649 of the Civil Code of the Philippines.