The bill amends the Residential Landlord-Tenant Act to include provisions for the use of smart access systems in residential properties. It introduces definitions such as "smart access building" and "smart access system," which refer to buildings that use electronic technology for entry. Landlords are required to offer tenants alternative key options that do not involve biometric data or mobile applications, such as key fobs or physical keys. Additionally, landlords must provide written privacy policies detailing the data collected by these systems, retention schedules, and measures for data protection and unauthorized access.

Moreover, the bill establishes regulations on the collection and use of data by landlords using smart access systems, allowing only the minimum necessary data for access purposes. It specifies the types of information that can be collected, including user names, dwelling unit numbers, and access times. If landlords do not retain or sell any information from the smart access system, they can meet privacy requirements by providing the privacy policy of the system's developer. The act is set to take effect on January 1, 2027, after being passed by both legislative chambers and approved by the Governor.