Nev. Rev. Stat. ch. 118B § 118B.060
Deposits.
Operative Text
1. Any payment, deposit, fee or other charge which is required by the landlord in addition to periodic rent, utility charges or service fees and is collected as prepaid rent or a sum to compensate for any tenant default is a “deposit” governed by the provisions of this section. 2. The landlord shall maintain a separate record of the deposits. 3. Except as otherwise provided in subsection 4: (a) All deposits are refundable, and upon termination of the tenancy, or if the deposit is collected as a sum to compensate for a tenant default, not more than 5 years after the landlord receives the deposit, the landlord may claim from a deposit only such amounts as are reasonably necessary to remedy tenant defaults in the payment of rent, utility charges or service fees and to repair damage to the park caused by the tenant. The landlord shall provide the tenant with an itemized written accounting of the disposition of the deposit. (b) Any refund must be sent to the tenant within 21 days after the tenancy is terminated. 4. Each deposit collected as a sum to compensate for a tenant default must be refunded to the tenant not more than 5 years after the landlord receives the deposit or upon the termination of the tenancy, whichever is earlier. The refund must include interest on the amount of the deposit at the rate required by this subsection, compounded annually, for the entire period during which the deposit was held by the landlord. For the purposes of this subsection, the rate of interest must be equal to the average of the prevailing rates of interest for deposits, as determined by the Administrator. 5. Upon termination of the landlord’s interest in the manufactured home park, the landlord shall transfer to his or her successor in interest that portion of the deposit remaining after making any deductions allowed pursuant to this section or refund that portion to the tenant. 6. If the former landlord fails to transfer that portion of the deposit remaining to the successor in interest or refund it to the tenant at the time the successor in interest takes possession, the successor becomes jointly and severally liable with the former landlord for refunding to the tenant that portion of the deposit to which the tenant is entitled. 7. If the former landlord fails to transfer or refund the deposit, the tenant may not be required to pay another deposit until the successor in interest refunds the deposit to the tenant or provides the tenant with an itemized written accounting of the statutorily authorized disposition of the deposit. 8. The claim of the tenant to any deposit to which the tenant is entitled by law takes precedence over the claim of any creditor of the landlord. 9. The provisions of this section do not apply to a corporate cooperative park. RIGHTS AND OBLIGATIONS OF LANDLORDS AND TENANTS
Under Nev. Rev. Stat. ch. 118B § 118B.060, any payment a manufactured-home-park landlord collects beyond periodic rent—whether labeled a security deposit or a default-compensation sum—is a regulated "deposit" that must be kept in a separate record and is generally refundable. Standard deposits must be returned, with an itemized written accounting, within 21 days of tenancy termination, and only amounts reasonably needed to cover unpaid rent, utility charges, or park damage may be withheld. Deposits collected specifically to compensate for tenant defaults must be refunded—with compounded interest—no later than five years after receipt or upon termination, whichever comes first. When a park changes ownership, the outgoing landlord must transfer or refund remaining deposit balances, and if that transfer fails, the new owner becomes jointly and severally liable for those funds.
Plain English — not legal advice.
Operators of manufactured home parks subject to Nev. Rev. Stat. ch. 118B § 118B.060 generally maintain a separate ledger for every deposit collected and track whether each deposit is a standard refundable deposit or a default-compensation deposit subject to the five-year interest-accrual rule. Upon a tenancy ending, compliant operators send any refund within 21 days along with an itemized written accounting that documents every deduction taken. When selling or transferring the park, operators ensure that remaining deposit balances—and the associated records—are formally conveyed to the successor so that joint-and-several liability under this section does not attach.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Nev. Rev. Stat. ch. 118B § 118B.060 gives manufactured-home-park tenants the right to receive a full refund of their deposit, minus only documented deductions for unpaid rent, utility charges, or park damage, within 21 days of moving out, along with an itemized written accounting. If a deposit was collected as a default-compensation sum, tenants are also entitled to compounded interest on that amount for the entire period it was held. Tenants whose deposits are not properly returned or transferred after a park sale may raise this provision as a basis for a complaint with a Nevada housing authority or tenant-rights organization, and their claim to the deposit takes precedence over the landlord's creditors under this section.
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.
Effective Timeline
References Out
No outbound references recorded yet for this provision.
References In
No inbound references recorded yet for this provision.