ELECTRONIC DISCLOSURE FOR RENTAL AGREEMENTS

SB 179 requires landlords and property advertisers to clearly disclose key terms of rental-purchase agreements for properties listed online. It mandates that online listings state whether the agreement is a rental-purchase deal, show the total number and amount of payments needed to own the item, and clarify that renters gain no ownership until all payments are made. This applies directly to online property advertisers and renters viewing such listings, replacing physical tags with electronic disclosures displayed before other required information. The bill aims to increase transparency for consumers shopping for rental-purchase options online.