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Rule on Unfair or Deceptive Rental Housing Fee Practices
Plain English Summary
The Federal Trade Commission (FTC) is looking to create new rules to stop unfair or misleading practices in rental housing fees. This affects landlords and property managers who advertise rental prices and charge fees. The FTC wants to hear from the public about these practices, especially regarding hidden fees or charges that are not clearly explained to renters. Agents should pay attention to this rulemaking process and consider submitting comments if they have relevant information or concerns.
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The Federal Trade Commission ("Commission") proposes to commence a rulemaking proceeding to address unfair or deceptive acts or practices relating to advertised rent and other fees and charges in the rental housing industry. To assist the Commission in determining the existence and prevalence of any such potentially unfair or deceptive practices and exploring ways to address them, the Commission is soliciting written comment, including data and argument, concerning such fees and charges throughout a lease lifecycle, from application to move out. The Commission is soliciting such public comment to determine the need for a rule to prevent persons, entities, and organizations from engaging in unfair or deceptive practices in connection with rental housing fees and charges, such as advertising rent that fails to include all mandatory fees or charges, imposing fees and charges without express informed consent, and misleading consumers about the nature and purpose of fees or charges.