Housing (Renters)

This bill prohibits rental property owners and software companies from using technology that coordinates rent increases across multiple properties. It specifically bans "coordinating functions" where software collects real-time pricing data from multiple landlords, analyzes it with algorithms, and recommends uniform rent prices - effectively enabling tacit price-fixing agreements. The law applies to all residential rental properties (excluding certain facilities) and makes such coordination a violation of New Jersey’s Antitrust Act. Enforcement would occur through existing antitrust mechanisms, with education efforts to inform tenants about suspected violations.