PHILIPPINE RENT LAW FOR RESIDENTIAL UNITS | RENT CONTROL ACT OF 2009. by Jake Nasol Loria; Be it enacted by the Senate and House of Representative of the Philippines in Congress assembled: Such an agreement shall be exempt from the coverage of Section 5 of this Act. CONTRACT OF LEASE. This AGREEMENT, made and entered on this _____ day of _____ 200_ in Quezon City, Metro Manila, by and between: The PHILIPPINE NUCLEAR RESEARCH INSTITUTE, DOST, a Government agency under Republic Act 2067 as amended and organized under EQ 128 dated January 30, 1987 represented by its Director, and referred to as the LESSOR: Did you know that there is a law controlling rent prices of most “Houses for Rent” in the Philippines and that the landlord cannot simply increase the monthly rent arbitrarily?. Housing rentals are covered by the Philippines’ Rent Control Act of 2009, a law which may not be familiar to most renters in the Philippines, but actually has been approved and in effect since 2009.