Bay Area's biggest corporate landlord to pay $3.7 million over rent-gouging case
Invitation Homes will pay $3.7 million to settle allegations of illegally hiking rent for California tenants.
The company raised rents on 1,900 homes in California beyond the amounts allowed by the Tenant Protection Act.
Invitation Homes Settles California Price-Gouging Lawsuit
Invitation Homes has agreed to pay $2.04 million in civil penalties and refund tenants for violating rent caps in California.
The violations included unlawfully increasing rents and price gouging during state emergencies.
Invitation Homes neither admitted nor denied wrongdoing but agreed to resolve the complaint.
Invitation Homes to pay $3.7 million in California rent-gouging case
Invitation Homes, the largest single-family rental landlord, has reached a settlement to address accusations of rent gouging in California.
The settlement includes a payment of $2.04 million in civil penalties and over $1.68 million in refunds or credits to tenants who were charged rent in excess of state caps.
Invitation Homes, a corporate landlord in California, raised the rents for 1,900 homes in violation of state laws.
Invitation Homes has agreed to settle the case for over $3.7 million, refunding or crediting tenants and paying civil money penalties.
Bay Area's biggest corporate landlord to pay $3.7 million over rent-gouging case
Invitation Homes will pay $3.7 million to settle allegations of illegally hiking rent for California tenants.
The company raised rents on 1,900 homes in California beyond the amounts allowed by the Tenant Protection Act.
Invitation Homes Settles California Price-Gouging Lawsuit
Invitation Homes has agreed to pay $2.04 million in civil penalties and refund tenants for violating rent caps in California.
The violations included unlawfully increasing rents and price gouging during state emergencies.
Invitation Homes neither admitted nor denied wrongdoing but agreed to resolve the complaint.
Invitation Homes to pay $3.7 million in California rent-gouging case
Invitation Homes, the largest single-family rental landlord, has reached a settlement to address accusations of rent gouging in California.
The settlement includes a payment of $2.04 million in civil penalties and over $1.68 million in refunds or credits to tenants who were charged rent in excess of state caps.