US FTC, Colorado sue property firm Greystar
· 4d · on MSN
US FTC, Colorado sue property firm Greystar, alleging renters deceived by hidden fees
FTC, Colorado sue rental management giant Greystar over hidden fees
Colorado, FTC sue apartment rental company, alleging deceptive practices
Phil Weiser sued Greystar for using “deceptive advertising” to lure renters, “then fleecing those tenants out of millions of dollars by charging mandatory, fixed fees not included in the advertised price for an apartment.
The Federal Trade Commission (“FTC”) and State of Colorado filed a complaint against Greystar, the largest multifamily
4don MSN
Colorado Attorney General Phil Weiser and federal regulators filed a joint lawsuit against the largest apartment owner in the country on Thursday, accusing it of intentionally misleading tenants
The complaint filed Thursday charges that the country’s largest landlord failed to include information about numerous mandatory fees in its listings.
Greystarwas sued by the Federal Trade Commission Thursday over allegations that the nationwide manager of apartment buildings, stuck renters with millions of dollars in hidden fees.
The FTC goes on to allege at some Greystar-managed properties, hidden fees are bundled together and referred to collectively as an "amenity fee," "community fee," or "lifestyle fee" without being further explained on a tenant's account statement.
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