BILL NUMBER: S9434
SPONSOR: HOYLMAN-SIGAL
 
TITLE OF BILL:
An act to amend the real property law, in relation to prohibiting the
use of an algorithmic device by a landlord for the purpose of determin-
ing the amount of rent to charge a residential tenant
 
PURPOSE:
The bill prohibits landlords from using an algorithmic device to set the
amount of rent charged to a tenant for occupancy of a residential prem-
ises, or to determine any change in rent for the renewed occupancy of a
residential premises. This bill would also classify violations of this
prohibition as a deceptive act or practice.
 
SUMMARY OF SPECIFIC PROVISIONS:
Section 1: Legislative Intent
Section 2: Adds a new section 222-a to the real property law prohibits
the use of an algorithmic device by a landlord for the purpose of deter-
mining the amount of rent to charge a residential tenant, and classify-
ing violations as a deceptive act or practice as provided in section
three hundred forty-nine of the general business law.
Section 3: Sets effective date.
 
JUSTIFICATION:
Across the United States there have been many documented instances of
landlords and property owners causing artificially increased rents
through the use of technological means. The use of these means has the
potential to continue exacerbating New York's acute housing crisis.
By prohibiting landlords from using algorithms to artificially inflate
rents or reduce housing supply, this bill aims to ensure fairness and
transparency in the rental housing market. It sets clear boundaries
against behaviors that may lead to anti-competitive practices and price-
fixing.
Given concerns over rising rents and homelessness, it is imperative that
we take action. This bill provides a framework for enforcement, enhanc-
ing protections for tenants while preserving the integrity of the rental
housing sector and ensuring property owners are accountable and trans-
parent.
 
LEGISLATIVE HISTORY:
New Bill.
 
FISCAL IMPACT:
Minimal impact.
 
EFFECTIVE DATE:
This act shall take effect on the ninetieth day after it shall have
become law.