House Bill No. 4538 amends the existing law regulating landlord-tenant relationships by introducing new provisions regarding the use of algorithmic pricing devices in rental agreements. The bill defines "algorithmic pricing device" as any device that utilizes algorithms to calculate rental prices based on data, while explicitly excluding certain reports and products related to affordable housing. Additionally, the bill adds a new section (1e) that prohibits landlords from using these devices in conjunction with nonpublic competitor data to coordinate pricing or enter into agreements that restrain the rental housing market. Violations of this provision would be considered a breach of the Michigan antitrust reform act.

The bill also updates the title and definitions within the act, including clarifying terms such as "landlord," "tenant," "rental agreement," and "security deposit." It aims to enhance transparency and fairness in rental pricing practices, ensuring that landlords do not engage in anti-competitive behavior that could harm prospective tenants. Overall, the legislation seeks to protect tenants from potential exploitation through the misuse of technology in determining rental prices.

Statutes affected:
House Introduced Bill: 554.601