Prohibits facilitation of agreements among rental property owners who restrict competition with respect to residential dwelling units.

New Jersey's S 3699 bill prohibits rental property owners and property management software companies from facilitating tacit agreements that coordinate rent increases across multiple properties, which reduces competition and raises costs for renters. The law specifically bans the use of software that collects real-time rental data from multiple landlords and uses algorithms to recommend uniform pricing, defining such coordination as a violation of the state's antitrust laws. It also requires state agencies to create a public education program explaining the new rules and how renters can report suspected violations.