This office lease guaranty lists the conditions of the principal's obligations held in this bond. If all obligations of this guaranty are performed and indemnifies and holds harmless the obligee from any loss, costs, and expenses incurred by the obligee as a result of any failure or default by the principal in its execution of the agreement, then this obligation shall be void; otherwise it will remain in full force and effect.
Nevada Lease Deposit Guarantee Bond
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US-OL4A025
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FAQ
How Much Can a Landlord Raise Rent in Nevada? The rent increase can be any amount because Nevada rent control laws do not limit the amount of rent landlords can charge, nor do they require any specific reason to be given for rent increases.
Nevada tenants have the right to live in a unit that complies with local housing and safety requirements. If there are any existing damages to the unit, the tenant can request the landlord to fix the issue within 14 days of notice. In cases of emergency, the fix may be done within 24 hours' notice.
The new law requires the Constable to post the eviction order on the door within 24 hours after receiving the order from the court. Then, the actual lockout has to happen between 24 and 36 hours after the posting of the order.
NRS 118.175 requires the landlord to re-rent the dwelling unit after you vacate and prohibits the collection of double rent(from you and the new tenant). The landlord can charge actual damages incurred until the dwelling is re-rented.
Effective July 1, 2023, SB381 amended NRS 118A. 290 to prohibit landlords from requiring tenants to pay any fee or other charge (including home warranty deductibles or copayments) to perform repairs, maintenance tasks, or other work which the landlord has a duty to perform to maintain the unit in a habitable condition.
Under Nevada's security deposit law, if the property is private housing, then landlords are required to charge no more than 3X the price of one month's rent for the security deposit. So, simply enough, if the monthly rent is $1,000, then as a landlord you shouldn't charge more than $3,000 as security deposit.
Nevada law requires a thirty-day notice to the tenant (or a seven-day notice if the tenant pays rent weekly), followed by a five-day notice instructing the tenant to leave because tenant's presence is now unlawful (NRS 40.251(1)(b)(1) and NRS 40.254).
No, a landlord cannot evict a tenant for no reason in Nevada. As mentioned above a landlord is allowed to terminate a rental agreement if a tenant intentionally damages the property and/or doesn't comply with the rental agreement.
