NY S07882: Prohibits a person or entity from knowingly or with reckless disregard facilitate an agreement between or among two or more residential rental proper…

In one paragraph

New York's S 7882 adds General Business Law § 340-b to the article holding the state's antitrust law (§ 340). It is unlawful to knowingly or with reckless disregard facilitate an agreement among two or more residential landlords or managers not to compete, including by operating or licensing software that pools rent, supply or lease data from unaffiliated owners and recommends rents or lease terms. A landlord that sets rents or lease terms on such recommendations, knowingly or with reckless disregard, makes an unlawful agreement. Tools for rent-regulation or government affordable-housing limits are excluded. Signed October 16, 2025 (Chapter 437); effective December 15, 2025.

Plain-English summary, written with AI assistance. The official text controls.

What it means for business

New York landlords and managers may not knowingly or recklessly set rents or lease terms on recommendations from software that pools rival owners' data, and vendors may not knowingly or recklessly facilitate such agreements by running or licensing these tools.

Key provisions

1. 1Adds General Business Law § 340-b (agreements to not compete with respect to residential rental dwelling units) to Article 22, which contains § 340; a violation is a violation of that article, and the section does not limit the rest of the article or other state law
2. 2Unlawful for any person or entity to knowingly or with reckless disregard facilitate an agreement between or among two or more residential rental property owners or managers not to compete on rental units, including by operating or licensing software, a data analytics service or an algorithmic device that performs a coordinating function for them
3. 3Coordinating function means all three of: collecting historical or current prices, supply levels, or lease termination and renewal dates from two or more owners or managers (at least two not commonly owned or managed); analyzing that data computationally, including to train an algorithm; and recommending rents, renewal terms, occupancy levels or other lease terms
4. 4An owner or manager that knowingly or with reckless disregard sets or adjusts rents, renewal terms, occupancy levels or other lease terms based on recommendations from such a tool is considered to have made an unlawful agreement in violation of the article
5. 5Algorithmic device: any machine, device, computer program or software that, alone or with human assistance, performs a coordinating function; owners and managers include anyone who owns, beneficially owns or manages one or more residential rental units in New York
6. 6Excluded: products used to set rent or income limits under the Emergency Tenant Protection Act, the rent stabilization law, the city rent and rehabilitation law, the emergency housing rent control law, or a government-run affordable housing program
7. 7Signed October 16, 2025 (Chapter 437 of 2025); effective December 15, 2025, the sixtieth day after it became law (October 17, 2025 counted as day one)

Latest legislative action

Oct 16, 2025. Signed Chapter 437 of 2025

Sponsors (showing 5 of 14)

Roll call votes (showing 3 of 6)

Related and companion bills

• New York A01417Prohibits a person or entity from knowingly or with reckless disregard facilitate an agre…