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Prohibits the collecting of information of historical or contemporaneous prices, supply levels, or lease or rental contract termination and renewal dates of residential dwelling units from two or more rental property owners for purposes of analyzing or processing of such information using an…
In one paragraph
New York's S 1573 would add Real Property Law § 222-a barring owners of four or more residential units from paying for a coordinator's services (software or analytics that collects data from two or more owners and recommends rents, renewal terms or occupancy levels). Coordinators could not facilitate agreements among owners not to compete. The Attorney General could sue for an injunction and monetary penalties; arbitration clauses would be unenforceable. Referred to Judiciary January 7, 2026; it has not passed either chamber.
Plain-English summary, written with AI assistance. The official text controls.
What it means for business
None yet: the bill is pending. If enacted, landlords with four or more units could not buy rent-recommendation services that pool data from multiple owners.
Key provisions
- Rental property owners (four or more residential units), and their agents, may not pay for or exchange anything of value for a coordinator's services
- A coordinator may not facilitate agreements among owners not to compete on residential units, including by performing a coordinating function, or acquire another coordinator where it risks materially lessening competition
- "Coordinating function" means collecting prices, supply levels or lease dates from two or more owners, analyzing them computationally (including training an algorithm) and recommending rents, renewal terms or occupancy levels
- Attorney General may sue in Supreme Court to enjoin, compel compliance and recover monetary penalties; an undefined "department" may also sue for a civil penalty; no penalty amount or private right of action is set
- Complaints need not allege facts excluding independent action; pre-dispute arbitration agreements and joint action waivers are unenforceable
- Does not preempt state, tribal, city or local laws that explicitly supplement it; takes effect immediately
Latest legislative action
Jan 7, 2026. referred to judiciary
Sponsors (showing 5 of 14)
| Name | Role |
|---|---|
| AVELLA | Primary |
| FUNKE | Primary |
| Gustavo Rivera D | Primary |
| Liz Krueger D | Primary |
| RIVERA | Primary |
Topics and industries
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Affected industries
This page is general information, not legal advice. Summaries are AI-assisted and may contain errors; read the statute for the controlling text and talk to a lawyer about your situation. Full disclaimer · Report an error