Colorado settles hidden fees lawsuit against Greystar in the latest case resolved with landlord giant

Colorado settles hidden fees lawsuit against Greystar in the latest case resolved with landlord giant

One of Colorados largest landlords will soon be required to disclose the total price of its apartments to prospective tenants, ending its practice of not publicly listing additional fees in advertisements.The agreement between Greystar, federal regulators and the Colorado Attorney Generals Office was announced Tuesday, ending a nearly year-old lawsuit that had accused the property management giant of illegally misrepresenting costs to renters. G…

Greystar to pay $24M in FTC, Colorado lawsuit

Greystar — the nation’s largest multifamily rental property manager — has agreed to pay $23 million to the Federal Trade Commission (FTC) and $1 million to the state of Colorado. The settlement follows allegations that Greystar misled renters by advertising low monthly prices while adding undisclosed mandatory fees. “Greystar misled consumers by advertising low rent prices and then adding mandatory fees at the end of the sales process,” said Chr…