FTC and Colorado to Sue Greystar Over Fees

The U.S. Federal Trade Commission (FTC) and the State of Colorado are preparing to sue Greystar, the largest property management company in the United States, for allegedly deceptive pricing practices involving hidden fees. Greystar is accused of advertising low rental rates without disclosing mandatory fees for services like pest control and trash collection, which significantly increase the actual cost for tenants. This legal action is part of a broader FTC initiative aimed at combating hidden fees in various industries. While Greystar claims to have improved transparency in fee disclosures, it highlights the absence of clear regulatory guidelines in the rental industry. The lawsuit could be filed imminently, though a settlement between the FTC and Greystar remains a possibility. This would mark the first instance of a multifamily landlord facing formal government action over hidden fees.