ARLINGTON, VA | October 11, 2023 – Statement from National Apartment Association (NAA) President & CEO Bob Pinnegar on the Federal Trade Commission’s proposed rule on junk fees:
“The National Apartment Association and our network of more than 92,000 members nationwide strongly support transparency and dialogue between housing providers and their residents – beginning with the leasing process and extending throughout the resident’s time in their apartment home. Rental housing fees are disclosed in the lease and during the application and leasing process. It is incumbent on both parties to ensure they can uphold the terms of their contractual agreement. Policymakers must understand that layering additional regulations will heavily impact housing operations and harm the affordability and availability of rental housing, ultimately hurting the very individuals they seek to protect.”
The National Apartment Association (NAA) serves as the leading voice and preeminent resource through advocacy, education, and collaboration on behalf of the rental housing industry. As a federation of 141 state, local and global affiliates, NAA encompasses over 92,000 members representing more than 11 million apartment homes globally. NAA believes that rental housing is a valuable partner in every community that emphasizes integrity, accountability, collaboration, community responsibility, inclusivity and innovation. To learn more, visit www.naahq.org.