Invitation Homes, the largest owner of U.S. single-family rental homes, agreed to a $48 million settlement with the FTC for misleading practices, including hidden fees and unfair eviction tactics.
The FTC found that Invitation Homes misled consumers about monthly rent prices by failing to disclose mandatory junk fees, resulting in potential annual cost increases exceeding $1,700.
Residents across more than 33,000 homes reported urgent repair needs within the first week of moving in, highlighting the company's failure to deliver promised quality inspections and maintenance.
The FTC’s action against Invitation Homes underscores its commitment to combating unlawful business practices that burden renters, with ongoing efforts to protect consumers from corporate landlord tactics.
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