Facts You Need to Know About the Free Parking Act of 2022

Back then, malls and similar establishments used to offer free parking. Now we live in a world where it's almost impossible to find a mall or other business that won't charge you for patronizing them or using their parking facilities. This is being addressed by House Bill 5292, however. The bill, which was recently introduced in PH Congress, seeks to eliminate or at least minimize parking fees that establishments charge their patrons.

Lumina Homes as one of the prime developers offering economic units, understands the importance of a free parking space. That's why we put an effort to build communities where you can find a well-designed yet affordable house and lot for sale with garage provisions. Indeed, when it comes to parking at an establishment, a spacious and safe area can be a driver's dream, but when it comes to paying a hefty fee upon leaving, it can be annoying. Hence, to give you an idea of what this interesting law can cover, we write some of the crucial details about the Bill.

What is the House Bill 5292 Free Parking Bill Philippines All About?

House Bill 5293 or called" The Free Parking Act of 2022" is a bill requiring malls, groceries, and other businesses to provide free parking for their customers or legitimate patrons. It was introduced by Hon. Peter B. Miguel with the perspective to remove or reduce the parking charges or fees in different public establishments. This act covers the legitimate use of parking areas in malls and shopping centers by their legitimate patrons, as specified in the Bill. Now, different questions are arising to seek clarity on this legislation act. How can an individual or a customer be considered a legitimate patron? Is it applicable to most establishments? Will it cover different groups and become applicable to the majority of consumers? These are just a few of the inquiries and concerns that seek to provide a much clearer picture of the bill.

According to the Bill, a legitimate patron is one who has made actual purchases or used the mall's products and services. Essentially, if you purchase anything from an establishment, you can be considered a legitimate patron. However, you can't just show the receipt for something worth just a few pesos. The Bill also states that patrons may use parking areas in shopping malls and establishments for free if they have made an aggregate minimum purchase of Php 500 and have used the parking facility for no more than two (2) hours.

After that’s been established, you must be a paying customer in any of the shops of the mall and have spent a total of PHP 500. You must present your receipt/s as a supporting document. The tricky part is the 2nd criterion you need to meet is you are only given a maximum of 2 hours to get free parking. Though, we’ve read the entire Bill document, we are still curious as to what happens if a customer exceeds 2 hours despite meeting the minimum purchase amount because there are no provisions stated.

How will it affect business owners, malls, and other similar establishments?

As a way to balance the cost of providing free parking spaces against the loss of income from parking fees, tax benefits will be made available to mall owners and other business owners once it becomes law.

The Potential of the House Bill 5292 Free Parking Space Act

Truly, it is evident that the bill still needs a lot of work. Also, there is no information about the penalties for private or public establishments that fail to comply with this act, should it become law. According to Section 6 of House Bill 5292, mall and shopping establishment owners who violate these provisions will be penalized. However, there is nothing else stated, so it is unclear just how they will be penalized. But whatever the case may be, at least it's already in place.

In spite of the fact that this Bill may still be in its "infancy", we're confident more pertinent details will be added to it in the future. What are your thoughts on the chances of this passing into law? Have malls been taking advantage of parking fees to line their pockets, or are their expenses justified by the thousands upon thousands of Pesos they earn from parking fees alone? Feel free to share your thoughts about malls and public establishments providing free parking for their customers in the comments section.

It is such an optimistic view to see individuals in public service lead and create legislation acts to accommodate the current challenges of the Filipino people. Indeed, parking is one factor in looking for a residential location or just recreational facilities, especially, if you own a vehicle. Hence, if you're looking now for a house and lot in the Philippines where you can secure free parking without the hassle, we got you covered. We have plenty of well-designed and built-to-last houses that will surely cover your needs.

Invest in Lumina Homes Property Units with Parking Spaces and Garage Provisions

With Lumina Homes' well-designed yet affordable house and lot units, you will never have to worry about getting a parking space. This is an investment that will provide you with security and help you and your family get equipped for the future.

There are a lot of preparations, effort, and sacrifices involved in homeownership. With Lumina Homes' projects strategically spread out in the Philippines, you can purchase a real estate property at an affordable price giving you more value for your money.

Our reputation has been built by continuously looking out for the best interests of our homeowners while ensuring a significant return on their investment through passive income and easy-to-own homes. The safety and satisfaction of our residents are our critical priority and of the utmost importance to us. Thus, we have provided our communities with useful amenities such as a 24/7 guarded entrance, basketball court, multipurpose hall, playground, mini garden, jogging paths, commercial spaces, etc. For years, Lumina Homes has evolved in many ways. In over 50 key locations across the Philippines, we have completed more than 100 projects. In addition, we have provided services to more than 100,000 clients because we stepped up to the challenges.

Contact a Lumina Homes accredited seller today to learn more about what we can offer. Reserve your unit today!