Twin Cities landlord settles for 5M over exorbitant utility fees, retained deposits
Investment Property Group will pay over $5 million to settle claims of utility overcharges and unreturned security deposits affecting more than 4,000 Twin Cities renters. The Minnesota Attorney General reported that tenants faced illegal mid-lease charges and exorbitant utility costs, prompting the settlement. About 650 households will receive rent credits, and the property group must amend its lease agreements.