New York’s Prohibition On Algorithmic Rental Pricing Programs Goes Into Effect

On December 15, 2025, Section 340-B of New York’s General Business Law became law. Under the statute, it is illegal for owners and managers of residential property in New York state to utilize artificial intelligence (AI)-driven algorithmic programs to set rents or other terms of residential leases. The statute also makes it unlawful for anyone to facilitate an agreement among residential property owners or managers not to compete by licensing software that performs a coordinating function….
By: Herbert Smith Freehills Kramer