Property Management
What is a 'security deposit disposition' letter and what does Nevada law require?
AA form filed with NRED when a security deposit dispute arises
BA written statement provided to the tenant within 30 days of lease termination itemizing any deductions from the security deposit with receipts or estimates, and returning any remaining balance✓ Correct
CA Nevada court document used in security deposit lawsuits
DA property manager's internal report on security deposit accounting
Explanation
Under NRS 118A.242, within 30 days after a tenant vacates, the landlord must either return the full security deposit or provide an itemized written statement of deductions (with receipts or written estimates) and return any remaining balance. Failure to comply allows the tenant to sue for up to twice the amount wrongfully withheld. Nevada property managers should use move-in/move-out inspection checklists and photographs to document conditions supporting any deductions.
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