The Federal Trade Commission alleged the company engaged in a slew of illegal practices, including hiding junk fees and withholding security deposits.
The country’s largest single-family home rental company is poised to pay more than $48 million as part of a proposed settlement with the Federal Trade Commission over allegations that it deceived and overcharged consumers.
The FTC accused the company, Invitation Homes, of a range of illegal practices that took advantage of its tenants, including «deceiving renters about lease costs, charging undisclosed junk fees, failing to inspect homes before residents moved in, and unfairly withholding tenants’ security deposits when they moved out», according to an agency press release on Tuesday.
«Invitation Homes, the nation’s largest single-family home landlord, preyed on tenants through a variety of unfair and deceptive tactics, from saddling people with hidden fees and unjustly withholding security deposits to misleading people about eviction policies during the pandemic and even pursuing eviction proceedings after people had moved out», FTC Chair Lina Khan said in a statement.
