Gov. Sherrill signs bill restricting landlords’ use of rent-setting software

Gov. Sherrill has enacted legislation to limit how landlords can use rent-setting software, aiming to stop practices that critics view as unlawful collusion among property managers. This move is a significant step in addressing concerns about unfair rent-setting strategies that may unfairly benefit landlords over tenants. The law could lead to more transparent and fair rental markets, potentially giving tenants better bargaining power and more stability in their housing costs. This legislative action underscores a broader effort to protect renters and ensure fair competition in the rental sector.