Bill > S02697

This bill prohibits landlords from using algorithmic devices to determine residential rent amounts, specifically targeting algorithms that incorporate non-public competitor data. The legislation defines an "algorithmic device" as a technology using calculations about rent data to advise landlords on potential rent charges, with specific exceptions for periodic trade association reports and affordable housing program tools. Landlords who use such algorithmic devices would be considered to be engaging in a deceptive trade practice under the general business law, which could subject them to penalties and legal remedies. The bill's legislative declaration argues that these algorithmic devices pose risks of anticompetitive conduct, price fixing, and collusion that could result in higher rents, and asserts that rent pricing decisions should always be made directly by landlords. The law would apply to any rental agreements executed 90 days after the bill becomes law, effectively giving landlords a short transition period to modify their rental pricing practices. By restricting the use of these algorithmic pricing tools, the bill aims to prevent potentially unfair or manipulative rent-setting practices that could harm residential tenants.

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https://www.nysenate.gov/legislation/bills/2025/S2697