Michigan HB4538 prohibits landlords from using software to share pricing information and set rent rates.

Michigan HB4538 amends the Landlord-Tenant Act to prohibit landlords from using an algorithmic pricing device with nonpublic competitor data to set rent rates. This includes data about actual rent prices, occupancy rates, and rental agreement dates. The bill defines "algorithmic pricing device" as a tool using algorithms to calculate rent amounts. A violation of this provision is considered a violation of the Michigan antitrust reform act.

Michigan HB4538 prohibits landlords from using software to share pricing information and set rent rates.

Michigan HB4538 amends the Landlord-Tenant Act to prohibit landlords from using an algorithmic pricing device with nonpublic competitor data to set rent rates. This includes data about actual rent prices, occupancy rates, and rental agreement dates. The bill defines "algorithmic pricing device" as a tool using algorithms to calculate rent amounts. A violation of this provision is considered a violation of the Michigan antitrust reform act.