On March 7, HUD Secretary Marcia L. Fudge published an open letter urging housing providers and state and local governments to adopt fee-related policies that would help create a fairer and more transparent rental market.

Recommended policies that promote fairness and transparency for renters:

  • Eliminate rental application fees or limit application fees to only those necessary to cover actual and legitimate costs for services
  • Allow a single application fee to cover multiple applications on the same platform or across multiple properties owned by one housing provider or managed by one company across providers
  • Eliminate duplicative, excessive, and undisclosed fees at all stages of the leasing process such as administrative fees and other processing fees in addition to rental application fees
  • Clearly identify bottom-line amounts that tenants will pay for move-in and monthly rent in advertisements of rental property and in lease documents, including all recurring monthly costs and their purpose

To read full letter click here