Plain English Breakdown
The provided bill text excerpt is corrupted (binary PDF data) and unreadable, so verification relies solely on the official summary text which confirms the intent but lacks specific penalty details.
End Rental Price-Fixing Act
This bill makes certain agreements to fix rental prices for residential properties unenforceable and creates a criminal penalty for breaking this rule.
What This Bill Does
- Prohibits specific agreements involving price-fixing for residential rental properties by declaring them unenforceable contracts that restrain trade.
- Provides for a criminal penalty for violating the ban on these agreements.
- Amends Chapter 8 of Title 13 of the Official Code of Georgia Annotated to include this rule.
Who It Names or Affects
- Parties involved in residential rental property agreements
Limits and Unknowns
- The official text does not specify the exact amount of fines or jail time for the criminal penalty.
- The effective date is listed as blank in the provided metadata, though the bill states it will provide one.
- It is unclear if this ban applies to commercial rentals like office spaces, since the summary only mentions residential rental properties.