Thursday, October 25, 2012

SECURITY DEPOSITS

A security depoist is defined as any payment, fee or charge that is to be used for any of the following purposes:

*   Remedying any default in the payment of rent
*   Repairing damages to the premises other than normal wear and tear
*   Cleaning the premises

The landlord may not demand or receive a security deposit (including the last month's rent) in excess of 3 months rent.

Upon termination of the tenancy, the landlord may use the security deposit and apply it to unpaid rent, use it to repair damages caused by the tenant, and use it to pay for the reasonable cost of cleaning.  The landlord must provide the tenant with a written itemized accounting of how the security deposit was used within 30 days after the termination of the tenancy.  The security deposit itemization must be personally handed to the tenant or mailed to the tenant at the tenant's present address, if known, or to the tenant's las known address.  A security deposit itemization form can be found on our website at http://www.fastlasvegasevictions.com/Free-Forms/

1 comment:

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