January 8, 2024

Invitation Homes, which owns and manages about 12,000 rental homes across California, has agreed to pay $2.04 million in civil penalties to resolve allegations of violating the state’s price gouging law and Tenant Protection Act (TPA).  California’s price gouging law prohibits landlords from increasing rent by more than 10% in the aftermath of a state of emergency, while the TPA prohibits increasing rent by more than 5% plus the percentage change in the annual cost of living.  Yet between 2019 and 2022, that is exactly what the company did.  In addition to paying civil penalties, Invitation Homes is required to restore lawful rental rates to California tenants and ensure compliance with all state and local laws.  CA AG

Tagged in: Housing and Mortgage Fraud,