homeWelcome, sign in or click here to subscribe.login
     


 

 

Real Estate


Subscriber content preview

September 26, 2024

Invitation Homes agrees to pay $48M to settle claims it saddled tenants with hidden fees

By ALEX VEIGA
AP Business Writer

The nation's largest owner of single-family homes for rent has agreed to pay $48 million to settle claims by the Federal Trade Commission that it reaped millions of dollars via deceptive business practices, including forcing tenants to pay undisclosed fees on top of their monthly rent.

Under the terms of the proposed settlement, Invitation Homes also agreed to ensure it is clearly disclosing its leasing prices, establish procedures to handle tenant security-deposit refunds fairly and cease other unlawful practices, the FTC said Tuesday.


 
. . .


To read this story in full login or purchase a subscription.




Email or user name:
Password:
 
Forgot password? Click here.