DENVER — The Federal Trade Commission (FTC) and Colorado Attorney General Phil Weiser filed a lawsuit against Greystar on Thursday, accusing the corporate landlord of using deceptive advertising to lure tenants and jacking up the rental price through undisclosed “junk fees.”
In his release announcing the lawsuit, Weiser described Greystar as one of the largest rental landlords in Colorado. The company manages roughly 45,000 units in the state, according to the Colorado Attorney General’s Office.
An investigation by the FTC’s Bureau of Consumer Protection found the alleged deceptive pricing started in 2019.
- Read the lawsuit below
According to Weiser, renters would agree to a rental price but then be hit with undisclosed “junk fees” for things such as valet trash service, package concierge service and utility administration fees. The AG alleges that prospective tenants would not know about the fees until they received their lease, which usually happens after paying an application fee. At …