(Reuters) - The U.S. Federal Trade Commission on Tuesday said Invitation Homes, the largest landlord of single-family homes in the United States, would pay more than $48 million as part of a settlement order over deceiving renters about lease costs and charging undisclosed junk fees.

The money will be used to refund consumers, the FTC said in a statement.

(Reporting by Costas Pitas and Ismail Shakil)