Prohibits a person or entity from knowingly or with reckless disregard facilitate an agreement between or among two or more residential rental property owners or managers to not compete with respect to residential rental dwelling units, including by operating or licensing a software, data analytics service, or algorithmic device that performs a coordinating function on behalf of or between and among such residential rental property owners or managers.

Prohibits agreements between residential rental property owners or managers not to compete on rental pricing, including through operating or licensing algorithmic software or data analytics services that coordinate pricing among landlords. The bill targets algorithmic tools used to facilitate anti-competitive coordination in the rental housing market. It applies to landlords, property managers, and providers of related software.

Summary generated by AI from the official bill text — may contain errors. Read the official text ↗ (opens in new tab)