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Bill > SF1036


MN SF1036

MN SF1036
Landlords prohibition from using coordinating services to set prices, supply levels, and lease terms


summary

Introduced
02/06/2025
In Committee
02/06/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to landlord and tenant; prohibiting landlords from using coordinating services to set prices, supply levels, and lease terms; proposing coding for new law in Minnesota Statutes, chapter 504B.

AI Summary

This bill prohibits landlords from using coordinating services that collect, analyze, and recommend rental prices, supply levels, and lease terms across multiple properties. Specifically, the bill defines a "coordinating function" as a service that: (1) collects pricing and rental contract information from multiple landlords, (2) processes this information using computational methods or algorithms, and (3) provides recommendations about rental prices, lease terms, or occupancy levels. A "coordinator" is defined as any person or service performing these functions, including a landlord analyzing their own portfolio. The bill makes it illegal for landlords to pay for or use such services, and prohibits coordinators from facilitating agreements among landlords that could reduce competition in the residential rental market. Violations of this prohibition would be subject to existing antitrust remedies under Minnesota law, potentially including financial penalties and legal action. The bill appears designed to prevent potential price-fixing or anti-competitive practices in the residential rental market by restricting the use of data analytics services that could enable landlords to coordinate pricing and lease terms.

Committee Categories

Justice

Sponsors (3)

Last Action

Author added Boldon (on 02/13/2025)

bill text


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