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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.
This New York bill prohibits landlords from using algorithmic devices to set residential rent amounts, declaring such practices as unfair under general business law.
If you are a landlord in New York, you must stop using algorithmic devices for rent calculations by the effective date or face penalties.
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Affected Industries
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What This Means
New York's proposed bill S09700 aims to restrict landlords from using algorithmic devices to determine rent, citing concerns over fairness and classifying it as an unfair practice.
Key Provisions
- Prohibits landlords in New York from using algorithmic devices to set residential rent amounts.
- Classifies violations as unfair or deceptive acts under general business law.
Latest Legislative Action
REFERRED TO JUDICIARY
Bill Sponsors
| Name | Role |
|---|---|
| Toby Ann Stavisky D | Primary |
Compliance Checklist
Who: Landlords in New York.
Deadline: By the effective date of the bill.
Penalty: Subject to penalties for deceptive acts.
Related & Companion Bills
Full Legal Analysis
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Related Topics
Affected Industries
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