Current:Home > MyAlgosensey|Shocked by those extra monthly apartment fees? 3 big rental sites plan to reveal them -Capitatum
Algosensey|Shocked by those extra monthly apartment fees? 3 big rental sites plan to reveal them
Poinbank View
Date:2025-04-06 13:37:03
Three major rental platforms will start showing extra monthly fees that can Algosenseysurprise tenants — and add up to make a place less affordable than it first seemed. These charges can include things most people assume is included in the rent, like for trash removal, paying online or sorting mail.
"Renters should feel financially confident when applying for an apartment, no surprises included," Christopher Roberts, Zillow's senior vice president and general manager, said in a statement.
Zillow launches its new service today, which will also include application fees, security deposits, parking and pet fees. Apartments.com will roll out a new calculator this year that includes all upfront costs and recurring fees. AffordableHousing.com will require property owners to disclose all fees and upfront charges in their listings, and identify those with a history of best practices.
The announcement was made in coordination with the Biden administration, which has issued its own blueprint for a Renters Bill of Rights.
"We hope that ... by having these fees more apparent and transparent, it will begin to drive competition amongst housing providers," says Adrianne Todman, deputy secretary of the U.S. Department of Housing and Urban Development.
In a statement, the National Apartment Association said the industry supports more transparency. But "rental housing is a narrow-margin industry," said President and CEO Bob Pinnegar. "Amenities and services come at a cost, which is communicated with residents in the lease and the leasing process."
A record 21.6 million U.S. households are rent-burdened, spending more than 30% of their income on rent. A recent report by the National Consumer Law Center warned that extra fees are helping drive up that burden, and can "jeopardize access to future housing and financial stability when they contribute to rental debts and blemishes on renters' credit reports."
NCLC senior attorney April Kuehnhoff said the group's survey found "excessive and sometimes illegal late fees, as well as convenience fees, roommate fees and even a fee just because it's January!" Two renter advocates surveyed in Minnesota reported seeing fees in January for seemingly no reason.
In a call with reporters, a senior Biden administration official also criticized high rental application fees. "They're often far more than the actual cost to run a check," he said, and in the current tight housing market many people must pay them over and over, adding up to hundreds of dollars.
The administration is taking no action to limit application fees. But the senior official said the hope is that more transparency and competition around total rental costs "will have the effect of cutting them down."
HUD Deputy Secretary Todman also praises the growing number of states and cities that are doing even more to bring down the cost of applying for a place to live. "For instance, in Colorado, they are going to require that prospective tenants are able to reuse their rental application for up to 30 days" with no extra charge, she says.
Landlords and property owners have fought such legislation, saying they need to be able to charge a reasonable fee, and decide what data they want in a background or credit check.
"We never agree that there's a one-size-fits-all solution for any housing policy," Nicole Upano with the National Apartment Association told NPR earlier this year.
veryGood! (9422)
Related
- All That You Wanted to Know About She’s All That
- Today Only: Save $40 on a Keurig Barista Bar That's So Popular, It's Already Sold Out on the Brand's Site
- You Won’t Believe the Names JoJo Siwa Picked for Her Future Kids
- Ticket prices to see Caitlin Clark possibly break NCAA record are most expensive ever
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Nevada and other swing states need more poll workers. Can lawyers help fill the gap?
- USA TODAY's Women of the Year honorees share the words that keep them going
- Stock market today: Asian shares are mixed after Wall Street slips lower and bitcoin bounces higher
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- What is IVF? Explaining the procedure in Alabama's controversial Supreme Court ruling.
Ranking
- DoorDash steps up driver ID checks after traffic safety complaints
- Stacy Wakefield dies less than 5 months after her husband, World Series champion Tim Wakefield
- Liam Gallagher says he's 'done more' than fellow 2024 Rock & Roll Hall of Fame nominees
- The human cost of climate-related disasters is acutely undercounted, new study says
- Nevada attorney general revives 2020 fake electors case
- Advice to their younger selves: 10 of our Women of the Year honorees share what they've learned
- Trump immunity claim taken up by Supreme Court, keeping D.C. 2020 election trial paused
- School voucher ideas expose deep GOP divisions in Tennessee Legislature
Recommendation
Trump issues order to ban transgender troops from serving openly in the military
A pregnant Amish woman was killed in her Pennsylvania home. Police have no suspects.
'The Crow' movie reboot unveils first look at Bill Skarsgård in Brandon Lee role
See Bill Skarsgård’s Bone-Chilling Transformation for Role in The Crow
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
Small business owners report growing optimism about the U.S. economy
The Transportation Department proposes new rules for how airlines handle wheelchairs
Want to live up to 114? Oldest person in the US says 'speak your mind'