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US FTC fines Invitation Homes $48 million over hidden fees
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US FTC fines Invitation Homes $48 million over hidden fees
Sep 24, 2024 10:59 AM

Sept 24 (Reuters) - Invitation Homes ( INVH ), the

largest U.S. landlord for single-family homes, agreed to pay $48

million to settle the U.S. Federal Trade Commission's claims it

deceived renters about lease costs.

The company charged tens of millions of undisclosed fees

between 2021 and 2023, including charges for air filter

delivery, smart home technology, and "utility management," the

FTC said.

The fees were not disclosed upfront when customers applied

for their units, the FTC said in its lawsuit filed in Atlanta.

The $48 million will go towards reimbursing renters, the FTC

said.

A spokesperson for Invitation Homes ( INVH ) did not immediately

reply to a request for comment.

The case is yet another brought under the Biden

administration's broad effort to tackle "junk fees" that raise

the cost of living in the United States.

"No American should pay more for rent or be kicked out of

their home because of illegal tactics by corporate landlords,"

FTC Chair Lina Khan said in a statement.

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