Which of the following receipts for 2018 current year from lease of residential units is subject to VAT?

I. Monthly rental per unit-P14,000; Aggregate annual rent- P3,150,000
II. Monthly rental per unit-P18,000; Aggregate annual rent- P3,800,000
III. Monthly rental per unit-P18,000; Aggregate annual rent- P3,000,000
IV. Monthly rental per unit-P20,000; Aggregate annual rent- P4,000,000