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US FTC, Colorado sue property firm Greystar, alleging renters deceived by hidden fees

  • The Federal Trade Commission and the State of Colorado sued Greystar, alleging the company charged renters hidden fees between August 2019 and August 2022.
  • The lawsuit claims Greystar collected over $100 million in hidden fees from tenants in California, Colorado, Nevada, and Utah.
  • The FTC and Colorado are asking a judge to ban Greystar's practices and to award damages to affected tenants.
  • Greystar stated that the complaint targets a longstanding industrywide practice and claims all fees are disclosed in leases.
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