Invitation Homes has agreed to pay $2.04 million in civil penalties to settle a lawsuit brought by California Attorney General Rob Bonta, the California Department of Justice announced on Jan. 8.
The California AG's complaint alleged that Dallas-based Invitation violated California's price-gouging law and the California Tenant Protection Act by unlawfully increasing rents on 1,900 of the 12,000 rental homes the company owns and manages throughout California.
A stipulation for final judgment and permanent injunction noted that Invitation neither admitted or denied wrongdoing, but agreed to resolve the complaint.
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