1998 / Jun
PPA MEMORANDUM ORDER NO. 17-98 RENT ADJUSTMENT PROGRAM FOR FY 1997-2002 June 08, 1998
[ PPA MEMORANDUM ORDER NO. 17-98, June 08, 1998 ]
RENT ADJUSTMENT PROGRAM FOR FY 1997-2002
PPA Board Resolution No. 1713 dated May 27, 1998, approved for implementation the attached rent adjustment program for 1998-2002*. The adjustment is in accordance with PPA Administrative Order No. 22-95 which requires rent rates to be increased every five (5) years in relation to PPA's latest asset appraisal.
The new rent rates shall therefore be implemented to leases as follows:
1. All new lease applications;
2. All occupied areas not covered by existing lease agreements;
3. All occupied areas on "hold over" lease status;
4. All expired lease contracts/PTOCs.
This Order shall take effect on June 30, 1998 and shall be published in a newspaper of general circulation at least 15 days prior to actual date of effectivity.
Adopted: 08 June 1998
(SGD.) CARLOS L. AGUSTIN
General Manager Text Available at Office of the National Administrative Register, U.P. Law Complex, Diliman, Quezon City.
The new rent rates shall therefore be implemented to leases as follows:
1. All new lease applications;
2. All occupied areas not covered by existing lease agreements;
3. All occupied areas on "hold over" lease status;
4. All expired lease contracts/PTOCs.
This Order shall take effect on June 30, 1998 and shall be published in a newspaper of general circulation at least 15 days prior to actual date of effectivity.
Adopted: 08 June 1998
General Manager