This office lease clause states that the amount of the security deposit shall be increased to reflect the increase in Base Rent. The Owner shall at all times have and maintain two full months' Base Rent as security.
Nebraska Clause Providing for the Periodic Increase in the Tenant Security to Reflect Increases in Base Rent
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FAQ
There is also no limit on the amount a landlord may raise the rent, and they are not required to give any notice. Nebraska landlords may charge whatever they deem reasonable as a late fee, as long as it is included in the lease agreement.
Limits on Rent Increases Landlords cannot raise rent more than 10% total or 5% plus the percentage change in the cost of living ? whichever is lower ? over a 12-month period.
Amount: Nebraska law limits the security deposit to an amount equal to one-month's rent.
Your landlord cannot increase your rent during the initial term of the rental agreement. After a year-long rental agreement ends, it is common for the agreement to become a month-to- month rental agreement.
Withholding Rent/Repair and Deduct: If a landlord in Nebraska fails to supply essential services, the tenant may give written notice of the breach and either recover damages, find reasonable substitute housing, or procure reasonable amounts of the service and deduct the cost from rent (Neb. Stat. § 76-1427(1)).
76-1416. Security deposits; prepaid rent. The balance, if any, and a written itemization shall be delivered or mailed to the tenant within fourteen days after the date of termination of the tenancy.
Rent increase; written notice. Each tenant shall be notified in writing of any rent increase by actual notice or by United States mail at least sixty days prior to the effective date of the increase.
