US Government Sues RealPage for Rent-Setting Software
The US government has taken legal action against RealPage, a software company based in Texas, alleging that their software for setting rents has led to increased rental prices for tenants.
Allegations against RealPage:
- Antitrust Violation: RealPage is accused of using their software in ways that violate antitrust laws, resulting in higher rental costs for tenants.
- Market Manipulation: RealPage is said to have manipulated the rental market through their software, making it challenging for renters to find affordable housing.
Impact on Tenants:
The lawsuit emphasizes the detrimental effects of RealPage’s actions on tenants, especially those in low-income areas struggling to afford housing. The alleged price-fixing and collusion have further hindered these individuals in finding affordable housing options.
RealPage’s Defense:
RealPage refutes the accusations and intends to vigorously defend themselves in court. They argue that their software aims to simplify rental processes and benefit both landlords and tenants.
As the legal dispute unfolds between the US government and RealPage, it will be crucial to monitor the outcome and assess its potential impact on the rental market and tenants nationwide.