New Jersey's FAIR Act prohibits rental property owners from using software or services that coordinate rent prices, aiming to prevent.
The Forbidding the Algorithmic Inflation of Rent (FAIR) Act in New Jersey aims to combat anti-competitive practices among rental property owners by prohibiting the use of software or services that coordinate rent prices. The bill defines a "coordinator" as any software, data analytics service, or entity that collects nonpublic information, analyzes it, and recommends rental prices or terms. It is unlawful for rental property owners to use such coordinators to engage in consciously parallel pricing coordination.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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