Nev. Rev. Stat. ch. 118A § 118A.244
Notice or transfer of security deposit or surety bond to tenant and successor in interest required upon transfer of dwelling unit.
Operative Text
1. Upon termination of the landlord’s interest in the dwelling unit, whether by sale, assignment, death, appointment of receiver or otherwise, the landlord or his or her agent shall, within a reasonable time, do one of the following, which relieves the landlord of further liability with respect to the security deposit or surety bond, or a combination thereof: (a) Notify the tenant in writing of the name, address and telephone number of the landlord’s successor in interest, and that the landlord has transferred to his or her successor in interest the portion of the security deposit or surety bond, or combination thereof, remaining after making any deductions allowed under NRS 118A.242. (b) Return to the tenant the portion of the security deposit remaining after making any deductions allowed under NRS 118A.242. Ê The successor has the rights, obligations and liabilities of the former landlord as to any portion of the security deposit owed under this section or NRS 118A.242 at the time of transfer. 2. The landlord shall, before he or she records a deed transferring any dwelling unit: (a) Transfer to his or her successor, in writing, the portion of any tenant’s security deposit or other money held by the landlord which remains after making any deductions allowed under NRS 118A.242; or (b) Notify his or her successor in writing that the landlord has returned all such security deposits or portions thereof to the tenant. 3. Upon the termination of a landlord’s interest in the dwelling unit, whether by sale, assignment, death, appointment of receiver or otherwise, the successor in interest: (a) Shall accept the tenant’s security deposit or surety bond, or a combination thereof; and (b) Shall not require any additional security deposit or surety bond, or a combination thereof, from the tenant during the term of the rental agreement.
Under Nev. Rev. Stat. ch. 118A § 118A.244, when a landlord's ownership interest in a rental unit ends—through sale, assignment, death, receivership, or any other means—the departing landlord must either notify the tenant in writing of the new owner's contact information and confirm the deposit has been transferred, or return the remaining deposit directly to the tenant. The new owner (successor in interest) automatically steps into the former landlord's shoes regarding any security deposit obligations and cannot demand an additional deposit from the tenant during the existing rental term. Before recording a deed transferring the property, the outgoing landlord must also formally transfer any remaining deposit funds to the successor or confirm in writing that deposits have already been returned.
Plain English — not legal advice.
Operators subject to Nev. Rev. Stat. ch. 118A § 118A.244 generally complete two parallel steps before or promptly after a property transfer: they document the transfer of remaining deposit funds to the successor in writing prior to recording the deed, and they send the tenant written notice identifying the new owner's name, address, and phone number along with confirmation that the deposit has been transferred. Sellers who instead choose to return the deposit directly to the tenant should document that return in writing as well, since the statute ties liability relief to completing one of these specific actions within a reasonable time. Successors who receive transferred deposits should be aware that they inherit all rights and obligations tied to those funds under NRS 118A.242 and may not collect an additional deposit from the same tenant during the existing lease term.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Nev. Rev. Stat. ch. 118A § 118A.244 gives tenants the right to receive written notice of a new owner's contact information whenever the property changes hands, along with confirmation that their security deposit has been transferred to that new owner—or, alternatively, to receive the remaining deposit back directly from the departing landlord. If a new owner demands an additional security deposit during an existing rental term, that demand conflicts with this provision, which expressly prohibits such a requirement. Tenants who believe these protections have been violated may consider raising the issue as a defense in any deposit dispute, filing a complaint with a local housing authority, or reaching out to a tenant-rights organization for general guidance on available options.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated September 22, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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