# Nevada

## Security deposit laws

Nevada security deposit laws are detailed under the [Nevada Revised Statutes (NRS) Chapter 118A](https://www.leg.state.nv.us/Nrs/Nrs-118A.html). These laws provide clear guidelines on how landlords must handle security deposits, ensuring both landlords and tenants are aware of their rights and responsibilities under Nevada law. Please note that rules and regulations may vary by municipality.

### Deposit Limit
- **3x Monthly Rent**

### Days to Return
- **30 Days**

### Interest Payments
- **Not Required**

### Holding Restrictions
- **Yes**

## Collecting & Holding

### Security Deposit Amount
In Nevada, the maximum amount a landlord can charge for a security deposit is three (3) month’s rent.

### Options for Holding
Landlords in Nevada are required to hold the security deposit in a separate account or in an account that is designated for holding security deposits. The account must be in a financial institution in Nevada.

Alternatively, if the landlord consents, the tenant may purchase a surety bond to secure the tenant’s obligation to the landlord.

### Notification Requirements
Within 30 days of receiving the security deposit, landlords must provide tenants with written notice of where the deposit is being held and the name and address of the financial institution where it is kept.

### Payment of Interest Earned
Landlords in Nevada are not required to pay interest on security deposits.

## Returning

### Timeline for Returning
Landlords must return the security deposit, along with an itemized list of deductions, within 30 days after the tenant vacates the property. If the tenant fails to provide a forwarding address, the deposit should be sent to the tenant’s last known address.

### Claims Process
When returning the security deposit, landlords must within 30 days:
- Provide an itemized statement of deductions.
- Send the deposit or any remaining balance, along with the itemized statement, to the tenant’s last known address or forwarding address.

If the tenant disputes the deductions, they may file an action in small claims court.

## Permissible Deductions
Landlords in Nevada can deduct from the security deposit for:
- Unpaid rent.
- Damage to the property beyond normal wear and tear.
- Cleaning costs necessary to return the property to its original condition.
- Other costs as outlined in the lease agreement, provided they are reasonable and documented.

## Penalties
If a landlord fails to return the deposit or provide an itemized list of deductions within the required 30-day period, the tenant may sue the landlord in small claims court for the deposit amount. The tenant may also be entitled to recover attorney’s fees and court costs if the court rules in their favor.

## Special Circumstances
**Abandonment:** If the tenant abandons the property, the landlord may keep the deposit for unpaid rent and damages, but must still follow the procedures for returning any remaining balance.

**Sale of Property:** If the property is sold, the landlord must transfer the security deposit to the new owner, who then becomes responsible for returning it to the tenant.

**DISCLAIMER:** Security deposit laws may vary by county or municipality. The information provided by Build Whale, Inc. is for general informational purposes only and should not be construed as legal advice. It is not a substitute for consultation with a qualified attorney. While we strive to provide accurate and up-to-date information, Build Whale, Inc. makes no guarantees or warranties regarding the accuracy, completeness, or reliability of the information presented.