Wednesday, June 11, 2014
Most people, especially renters, think that a landlord is someone who waits for his check at the end of the month. That is the best part of it for those who rent out their units, but that isn't the whole story. There is more to being a landlord than the monthly rent.
Find out what else landlords should be doing according to the Rent Control Act of 2009.
Repair their property
Landlords are responsible for the units they're leasing, and the tenant can request repairs of the unit be done prior to contract renewal. The only damage that a tenant is liable for is the damage he does himself, and nothing else.
In extreme cases, a tenant can even withhold rent if repairs are not immediately fixed. But tenants should read their contract carefully, buildings have wised up to this law and sometimes put in a thirty-day move-in period as the only time a landlord may be asked to do repairs.
Erring tenants do have a grace period before they are officially ejected or evicted from the property they're renting. Whether it's due to unpaid rent or the sale of the lot to a new owner, there is due process.
Eviction is only allowed after the tenant is given notice about three months in advance. If a tenant is asked to leave to make way for repairs during their contract period, they have the right to return upon completion of the repairs.
Rent increase limitations
The Rent Control Act of the Philippines limits the raising of rentals to not more than seven percent per year for long-term tenants, until the act expires in December 2015.