Prohibits landlords from using algorithmic devices to set rent for residential tenants in New York.

The bill prohibits landlords from using algorithmic devices to determine the amount of rent to charge residential tenants. It defines "algorithmic device" as a tool using algorithms to calculate data for advising landlords on rent amounts. The bill declares this practice an unfair or deceptive trade practice. Exceptions include reports from trade associations and products used for affordable housing guidelines. The bill will take effect 90 days after becoming law and applies to rental agreements executed after that date.

Prohibits landlords from using algorithmic devices to set rent for residential tenants in New York.

The bill prohibits landlords from using algorithmic devices to determine the amount of rent to charge residential tenants. It defines "algorithmic device" as a tool using algorithms to calculate data for advising landlords on rent amounts. The bill declares this practice an unfair or deceptive trade practice. Exceptions include reports from trade associations and products used for affordable housing guidelines. The bill will take effect 90 days after becoming law and applies to rental agreements executed after that date.