Existing law authorizes a landlord to charge a reasonable late fee for the late payment of rent as set forth in the rental agreement, but such a late fee must not exceed 5 percent of the amount of the periodic rent and the maximum amount of the late fee must not be increased based upon a late fee that was previously imposed. (NRS 118A.210) Section 2 of this bill provides that in a tenancy that is longer than week to week, no late fee may be charged or imposed until at least 3 calendar days after the date that rent is due. Existing law defines the term “security” for the purposes of the Residential Landlord and Tenant Act. (NRS 118A.240) Section 3 of this bill changes the term “security” to “security deposit.” Sections 1, 4-6 and 8-14 of this bill make conforming changes to reflect the changed definition. Existing law prohibits a landlord from increasing the rent payable by a tenant unless the landlord serves the tenant with written notice of the increase: (1) for a periodic tenancy of 1 month or more, 45 days in advance of the first rental payment to be increased; or (2) for a periodic tenancy of less than 1 month, 15 days in advance of the first rental payment to be increased. (NRS 118A.300) Section 7 of this bill increases the period for providing such notices of increases in rent to: (1) for a periodic tenancy of 1 month or more, 60 days in advance of the first rental payment to be increased; or (2) for a periodic tenancy of less than 1 month, 30 days in advance of the first rental payment to be increased.

Statutes affected:
As Introduced: 118.101, 118A.210, 118A.240, 118A.242, 118A.244, 118A.250, 118A.300, 118A.350, 118A.355, 118A.370, 118A.390, 118A.400, 118A.440, 40.253
As Enrolled: 118.101, 118A.210, 118A.240, 118A.242, 118A.244, 118A.250, 118A.300, 118A.350, 118A.355, 118A.370, 118A.390, 118A.400, 118A.440, 40.253