Colorado and the FTC say Greystar Real Estate and Property fraudulently advertises low rent prices to potential customers, only to add tens if not hundreds to the monthly rent cost with hidden fees.
The complaint filed Thursday charges that the country’s largest landlord failed to include information about numerous mandatory fees in its listings.
The FTC and Colorado AG Phil Weiser filed a lawsuit against Greystar, accusing the corporate landlord of using deceptive advertising and jacking up the rental price through undisclosed "junk 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.
The Federal Trade Commission and the State of Colorado filed a complaint against the rental property manager alleging it has added hidden fees since at least 2019 that cost consumers hundreds of millions of dollars.
The Federal Trade Commission has sued Greystar, a global real estate company with rental properties in Atlanta and Georgia, claiming it advertises base rents to consumers without disclosing hidden fees.
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 Federal Trade Commission is accusing Deere & Co. of unfairly monopolizing the farm-equipment repair market.