Greystar lawsuit
Information for Property Managers post-Greystar
The Federal Trade Commission has issued guidance for property managers, following the lawsuit against Greystar, and subsequent settlement: To resolve allegations that Greystar’s practices violated the FTC Act, the Gramm-Leach-Bliley Act, and the Colorado Consumer Protection Act, the company will pay $24 million. Greystar is also prohibited from misrepresenting the rental price of its units and must disclose all mandatory fees before accepting payment from prospective tenants. Read the rest of the FTC guidance here. If you have a landlord-tenant issue, please go here. For a Fair Housing issue involving discrimination, please go here.