ATLANTA — A rental property company with thousands of single-family homes across metro Atlanta has agreed to pay nearly $50 million to settle allegations of deceptive pricing practices.

Progress Residential, the nation’s largest property manager of single-family rental homes, is accused of advertising misleading rental prices, charging hidden fees and improperly deducting money from tenants’ security deposits.

The Federal Trade Commission (FTC) also alleges that the company misrepresented whether properties had been inspected before tenants moved in and restricted customers from posting negative reviews.

The lawsuit was filed by the FTC and attorneys general in Arizona, Colorado, Utah and Indiana.

As part of the settlement, Progress Residential must advertise the full monthly rental price, including all recurring fees.

Although the company manages thousands of rental properties in metro Atlanta, Georgia was not included in the lawsuit.

It remains unclear whether Georgia renters will receive any money from the settlement.

Progress Residential denies the allegations but says reaching a settlement is the best way to continue providing affordable rental housing.

WSB Radio’s Ashley Simmons & Judd Hickinbotham contributed to this story.