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.
Nevada Clause Providing for the Periodic Increase in the Tenant Security to Reflect Increases in Base Rent
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US-OL4A012A
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How to fill out Clause Providing For The Periodic Increase In The Tenant Security To Reflect Increases In Base Rent?
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FAQ
AB 1482: Limits annual rent increases to no more than 5% + local CPI or 10% whichever is lower.
240 and 118A. 242. If your landlord requires you to pay the last month's rent, then the security deposit and nonrefundable cleaning fee cannot exceed two months' rent. During the term of your lease, a landlord cannot require you to deposit more for security.
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. This means any time the landlord feels that a change in the rental property market warrants increasing rent, they can do so.
The Tenant Protection Act caps rent increases for most tenants in California. 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.
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.
