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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…
This bill prohibits agreements among rental property owners to not compete, including through software or data analytics.
If you operate in residential rental properties, you must ensure compliance with competition laws by January 1, 2025, or face penalties.
What do these statuses mean? ▼
Affected Industries
Topics How we classify →
What This Means
The proposed legislation aims to prevent collusion among residential rental property owners and managers by prohibiting agreements to not compete, particularly those facilitated by algorithms and data
Key Provisions
- Prohibits agreements to not compete among residential rental property owners.
- Outlaws the use of software that facilitates non-competitive agreements.
Latest Legislative Action
substituted by s7882
Bill Sponsors (showing 5 of 11)
| Name | Role |
|---|---|
| JENNE | Primary |
| Linda Rosenthal D | Primary |
| PRETLOW | Primary |
| SANTABARBARA | Primary |
| Chris Burdick D | Cosponsor |
Compliance Checklist
Who: Residential rental property owners and managers.
Deadline: Upon enactment of the law.
Penalty: Legal penalties for non-compliance.
Who: Property managers and owners utilizing such technology.
Deadline: Upon enactment of the law.
Penalty: Legal penalties for non-compliance.
Related & Companion Bills
Full Legal Analysis
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Related Topics
Affected Industries
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