The White House and federal agencies have placed greater emphasis on protecting consumers, including renters, from so-called junk fees, which has spurred some legislation that takes aim at apartment operators.
A law in Colorado went into effect in August that prevents landlords from charging more than $10 or 2% for services that it has paid for through a third-party company, according to an industry panel at the National Multifamily Housing Council's OpTech Conference this week in Las Vegas.
"This is another effort to demonize apartment owners," Minh Ta, The Carlyle Group, said, adding concerns that this type of legislation could spread.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.