New Jersey's Forbidding the Algorithmic Inflation of Rent (FAIR) Act prohibits certain coordination among residential rental property owners to.
The Forbidding the Algorithmic Inflation of Rent (FAIR) Act aims to address the rising cost of housing in New Jersey by prohibiting certain coordination among residential rental property owners. It makes it unlawful for rental property owners to subscribe to services that facilitate agreements restricting competition, including those that analyze nonpublic information to recommend rental prices. The bill also prohibits rental property owners from engaging in consciously parallel pricing coordination. The New Jersey Antitrust Act will apply to violations of this act.
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- Legal Framework
- Critical Issues
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