This bill establishes a public registry of rents within each county, requiring landlords to report the monthly rent charged for their properties along with specific property details such as square footage and number of bedrooms. Landlords must submit this information annually by December 31, along with a signed and notarized affidavit confirming that they have not used any algorithms or software to determine rental rates. Additionally, landlords are required to notify the register of deeds within 30 days if there is a change in rent. The registry will be accessible to the public.
Furthermore, the bill amends RSA 540-A:3 by explicitly prohibiting landlords from using algorithms or software to set rental rates. This new provision aims to ensure transparency and fairness in rental pricing. The act will take effect 60 days after its passage. The implementation of this bill is expected to incur indeterminable costs for counties, as they will need to establish the registry, potentially requiring new software and additional staffing.
Statutes affected: Introduced: 540-A:3