What is the law regarding rent increases?

In Nevada, the law regarding rent increases is that landlords must provide a written 30-day notice of the rent increase to tenants. This written notice must specify the amount of the increase and the date on which the new rent will take effect. The notice must also include an explanation stating the reasons for the increase. The tenant must be given the notice in person or sent it to the last known address via certified mail. For tenants on a month-to-month lease agreement, the landlord must provide the written notice of the rent increase at least 30 days before the effective date of the rent increase. For tenants on a longer fixed-term lease, the notice must be given at least 45 days before the end of the term. The amount of the rental increase itself is not restricted by any state or local law, as long as it is reasonable. The landlord also cannot single out a certain tenant for rent increases above market rate. Finally, landlords should know that there is an exception to the written notice requirements. If the lease agreement requires the tenant to give up possession of the premises at the end of the lease term, the tenant must receive the written notice of the rent increase at least 90 days before the end of the lease term. Therefore, landlords must ensure that their rent increases comply with all the legal requirements set out by Nevada law. Explaining the reasons for the increase, providing written notice with enough time for the tenant to adjust, and ensuring the amount of the rent increase is reasonable are all essential.

What is the law regarding rent increases?

Related FAQs

Related Blog Posts