Good evening,

The Federal Trade Commission (FTC) just sent a historic shockwave through the rental industry. Progress Residential and Pretium Partners have agreed to pay $49.75 million to settle charges over deceptive rental pricing and unlawful operational practices. This is the largest enforcement action against a landlord in FTC history.

Those of you who attended our "State of the Industry" presentations know we have been tracking this exact issue all year. Our position remains consistent: mandatory fees must be bundled into the advertised rent. Prospects should never need an Excel spreadsheet to calculate their true housing costs.

But this case goes way beyond "junk fees." Regulators also targeted deceptive "move-in ready" claims, unfair security deposit deductions, and illegal "gag clauses" that ban negative reviews. The government is actively policing daily operations.

We are currently analyzing the massive, 125-page complaint, and the proposed 37-page settlement. Over the next few weeks, we will break down the small print into actionable compliance insights so you can protect your business. In the meantime, you can review the official source material below.

Click Here to Read the Full FTC Press Release, Complaint and Proposed Settlement Details

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