View full title
Prohibits the use of an algorithmic device by a landlord for the purpose of determining the amount of rent to charge a residential tenant; declares that such use is an unfair or deceptive trade practice.
In one paragraph
New York's S 2697 would add Real Property Law § 222-a barring a landlord from using or relying on an algorithmic device that uses, incorporates or was trained with nonpublic competitor data to set initial rent or any rent change on renewal, or causing another to do so. A violation would be a deceptive act or practice under General Business Law § 349, with the penalties of Article 22-A. Referred to Judiciary January 22, 2025; 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 could not use rent-setting software built on competitors' nonpublic data and would face deceptive practice remedies.
Key provisions
- Landlords may not use or rely on an algorithmic device that uses, incorporates or was trained with nonpublic competitor data to set initial rent or a renewal rent change, or cause another person to do so
- Nonpublic competitor data is information not widely available to the public, such as actual rent prices, occupancy rates and lease dates, from a competitor in the same or a related market, whether or not anonymized
- Excluded: trade association reports published no more than monthly using aggregated, anonymous data, and products setting rent or income limits under affordable housing program guidelines
- A violation is a deceptive act or practice under General Business Law § 349, subject to the penalties and remedies of Article 22-A; no separate enforcer or private right of action is named
- Takes effect on the ninetieth day after becoming law and applies to rental agreements executed on or after that date; Assembly same-as A4991
Latest legislative action
Jan 22, 2025. referred to judiciary
Sponsors
| Name | Role |
|---|---|
| Brad Hoylman-Sigal | Primary |
| ORTT | Primary |
| PARKER | Primary |
| Pete Harckham D | Primary |
| SEPULVEDA | Primary |
Topics and industries
Related topics
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