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"Fair Business Practices Act of 1975"; any person from facilitating noncompete agreements between residential rental property owners or managers, including by use of algorithmic coordinating functions; prohibit
This bill prohibits facilitating noncompete agreements among rental property owners and managers using algorithms, and restricts setting lease terms and occupancy levels based on software recommendations.
If you manage rental properties in Georgia, you must stop using algorithms to set rental terms immediately or face legal penalties.
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Affected Industries
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What This Means
Senate Bill 559 aims to amend Georgia's Fair Business Practices Act by prohibiting the use of algorithmic tools in setting rental terms, facilitating noncompete agreements among property owners and managers, and adjusting lease terms and occupancy levels based on software recommendations. It also provides for definitions, an effective date, and applicability.
Key Provisions
- Prohibits facilitating noncompete agreements among rental property owners and managers using algorithms.
- Restricts rental property owners and managers from setting rental prices and lease terms based on software recommendations.
- Prohibits adjustments to occupancy levels based on recommendations from software, data analytics services, or algorithmic devices.
- Provides for definitions and related matters.
- Includes provisions for an effective date and applicability.
Latest Legislative Action
Senate Read and Referred
Bill Sponsors (showing 5 of 56)
| Name | Role |
|---|---|
| Ben Watson R | Primary |
| Bill Cowsert R | Primary |
| Billy Hickman R | Primary |
| Blake Tillery R | Primary |
| Bo Hatchett R | Primary |
Compliance Checklist
Who: Rental property owners and managers
Penalty: Legal repercussions for non-compliance
Who: Rental property managers
Penalty: Legal repercussions for non-compliance
Full Legal Analysis
Official Source
Related Topics
Affected Industries
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