Bill > A04991

This bill prohibits landlords from using algorithmic devices to determine residential rent amounts, specifically targeting tools that incorporate non-public competitor data. The legislation defines an "algorithmic device" as a calculation tool that uses data about local or statewide rent amounts to advise landlords on potential rent charges. The bill includes some exceptions, such as periodic aggregated reports from trade associations and products used for affordable housing program guidelines. If a landlord violates this prohibition, they will be subject to penalties under deceptive trade practice laws, including potential financial sanctions. The law defines "non-public competitor data" as confidential information about rent prices, occupancy rates, lease dates, and similar details not widely accessible to the public. The bill's rationale stems from concerns about potential anticompetitive conduct, price fixing, and the outsourcing of pricing decisions that could lead to higher rents for tenants. The legislation will take effect 90 days after becoming law and will apply to rental agreements executed on or after that date, meaning existing leases will not be immediately impacted.

Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/A4991