The Federal Trade Commission (FTC) has filed a complaint against Invitation Homes Inc (NYSE:INVH), the largest U.S. landlord of single-family homes, for engaging in unfair and deceptive practices against renters.
These include misleading tenants about lease costs, charging hidden fees, neglecting home inspections, and withholding security deposits unfairly. The company has agreed to a $48 million settlement, which will be used to refund affected consumers.
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According to FTC Chair Lina Khan, Invitation Homes exploited tenants with various deceptive tactics, from hidden fees and unjustified security deposit withholdings to misleading eviction policies during the pandemic.
The FTC’s complaint highlighted several violations by Invitation Homes, including ...
