TENANTS AND LANDLORDS

Multiple Choice

A product that people buy with the hope that it will be beneficial or will generate income in the future.

• Investment

• Short-term investment

• Long-term investment

• Bonds and stock

Multiple Choice

Investments acquired by a firm that can be easily converted into cash within one year.

• Investment

• Short-term investment

• Long-term investment

• Bonds and stock

Multiple Choice

It tells you how high the cost of borrowing is, or how high the rewards are for saving.

• Financial Intermediaries

• Interest rate

• Borrowing

• Lender

Multiple Choice

If the rate of interest increases, then the investment will FALL

• TRUE

• FALSE

Multiple Choice

Known as the Rent Control Act of 2009

• a. Republic Act 9563

• b. Republic Act 9365

• c. Republic Act 9653

• d. Republic Act 6953

Multiple Choice

Landlords and renters who are proven to violate the law shall pay a fine of PHP 25,000 to PHP 50,000 or be imprisoned for one month and one day to six months, or both.

• TRUE

• FALSE

Multiple Choice

A government agency that regulates residential leases in the Philippines

• PAG-IBIG

• UDA

• HUDCC

• CMP

Multiple Choice

Before you sign a lease agreement, check if it has any provision for a rent increase. If it does, it should be within the legal limit.

• TRUE

• FALSE

Multiple Choice

Rent Control Act allows TENANT to increase rents only once a year for bed spaces, boarding houses, dorms, and rooms leased to students.

• TRUE

• FALSE

Multiple Choice

The people who rent are called?

• Apartment

• Resident

• Property

• Lessee

Multiple Choice

The owner of a property that a tenant occupied is called?

• Assets

• Tenant

• Lessor

• Occupant

Multiple Choice

The inherent power imbalance between the landlord and the tenants is one of the main rental issues.

• TRUE

• FALSE

Multiple Choice

There will be MORE competitive pressure on landlords to make conditions better or decrease rents

• TRUE

• FALSE

Multiple Choice

Government regulation can be used to try and make renting more stable, secure, and affordable.

• TRUE

• FALSE

Multiple Choice

Not only individuals but also the entire economy have advantages and disadvantages of renting.

• TRUE

• FALSE

Multiple Choice

An Act to govern the relationship between landholders and tenants of agricultural lands

• a. Republic Act No. 1199

• b. Republic Act No. 1919

• c. Republic Act No. 9911

• d. Republic Act No. 9178