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Malayan Realty, Inc. vs. Uy Han Yong.

MALAYAN REALTY, INC. represented by ALBERTO C. DY., Petitioner, versus UY HAN YONG, Respondent.

G.R. No. 163763 | 2006-11-10

THIRD DIVISION
 
D E C I S I O N 
 
CARPIO MORALES, J.: 
 
Malayan Realty, Inc. (Malayan), is the owner of an apartment unit known as 3013 Interior No. 90 (the property), located at Nagtahan Street, Sampaloc, Manila. 
 
In 1958, Malayan entered into a verbal lease contract with Uy Han Yong (Uy) over the property at a monthly rental of P262.00.[1] The monthly rental was increased yearly[2] starting 1989, and by 2001, the monthly rental was P4,671.65.[3] 
 
On July 17, 2001, Malayan sent Uy a written notice[4] informing him that the lease contract would no longer be renewed or extended upon its expiration...