This bill aims to prohibit agreements among rental property owners that restrict competition regarding residential dwelling units, addressing the growing affordable housing crisis in New Jersey. It establishes that it is unlawful for rental property owners or their agents to engage with coordinators—entities that facilitate data sharing and pricing strategies among landlords—if such actions lead to price manipulation or collusion. The bill defines key terms such as "coordinating function" and "consciously parallel pricing coordination," which refer to the collection and analysis of rental data to influence pricing strategies among property owners.

Additionally, the bill reinforces the enforcement provisions of the New Jersey Antitrust Act, allowing for civil actions against violators without the need to exclude independent actions. It mandates the Department of Law and Public Safety, in collaboration with the Department of Community Affairs, to create a public education program to inform citizens about the bill's provisions and how to report suspected violations. This initiative aims to enhance transparency and protect consumers in the rental market.