Security deposit interest in Nevada
No — Nevada does not require landlords to pay interest on security deposits.
There is no interest to calculate — here is what does apply
Nevada sets no interest requirement, so there is no figure to work out. The rules below are the ones that decide whether you get your deposit back in full, which is usually the larger sum anyway.
Deadline to return your deposit
30 days after the tenancy ends.
Miss it and the consequences below start to apply.
What to do next
- Give your landlord a written forwarding address. Several states make the return duty conditional on it, and Nevada's rules are summarised below.
- Photograph the unit at move-out, dated, before you hand back the keys. The dispute is almost always about condition.
- If the deadline passes, put the request in writing and cite Nev. Rev. Stat. Sec. 118A.242. Keep a copy of what you sent and when.
Not legal advice. This is general information, not legal advice. Security deposit laws change and vary by jurisdiction. Verify with the cited statute or consult a licensed attorney in your state before taking action.
What does Nevada law actually say?
Nevada does not require landlords to pay interest on residential security deposits. The statute contains no interest provision and imposes no escrow or separate account requirement. Deposits, including any surety bond premium, are capped at three months' rent.
The landlord must offer the tenant the option of paying a surety bond in place of a deposit, or a combination of both, though tenants in certain low-income housing programs are exempt from that offer requirement. The deposit may be applied only to remedy defaults in rent, to repair damage other than normal wear caused by the tenant, and to pay the reasonable cost of cleaning. Within 30 days of termination the landlord must provide an itemised written accounting of any deductions together with the balance, delivered to the tenant's present address or, if unknown, their last known address.
Where a surety bond is used the landlord must give the same accounting to both the tenant and the surety before making a claim. Any lease provision waiving these rights is void, and no deposit may be labelled non-refundable.
What if your landlord does not comply?
No interest obligation, so no interest penalty. A landlord who fails to provide the itemised accounting and balance within 30 days is liable for damages of up to the entire deposit, in addition to the actual damages, and the tenant may recover reasonable attorney fees. Bad faith retention exposes the landlord to further liability, and the court may award costs to the prevailing party.