How Much Can a Landlord Raise Rent in Nevada in 2023?
In the United States, every state defines its laws and regulations. Every state has its rent regulations formulated in accordance with subsets of apartments. The idea is to monitor affordable housing and keep people from going homeless and broke.
However, Nevada has no rent stabilization or rent control laws. This enables landlords to set rent and increase it across the state, given that they provide proper notice.
On the other hand, the landlord can increase the rent with certain discretions, as much as they wish, and whenever they want. So, let's find out:
What do these terms mean?
What are the exceptions?
What are the limitations?
These questions will help us understand the rights of both tenants and landlords in Nevada.
What is rent control?
Rent control, or rent regulation, usually refers to laws and ordinances limiting how much a landlord can increase rent in a given period and set conditions for when and how much they can raise rents. Such regulations are set to make housing affordable by imposing price controls. There are generally two types of rent regulation:
- Eviction control
- Price control
Both require landlords to limit their rates for tenants based on factors such as salaries and inflation. Eviction controls specify criteria under which tenants cannot be evicted, whereas price controls define how landlords can increase rent. Controlling the eviction rates is often difficult due to constant changes in housing markets; therefore, wage-related regulations are more common.
Rent control is more common in cities where competition for limited housing stock raises market-rate prices out of reach for these residents.
According to the National Multifamily Housing Council’s website, rent control is not applicable in all United States. For example, some states have neither rent control nor premonitions, including the following: Montana, Wyoming, Nebraska, Ohio, Maine, Hawaii, Delaware, Alaska, Virginia, West Virginia, and Pennsylvania.
Related Reading: What Does Landlord Insurance Cover?
When Can a Landlord Raise Rent in Nevada?
In Nevada, a landlord can raise the rent on a tenant with proper notice. The amount of notice required and the circumstances under which a landlord can raise the rent depend on whether the tenant has a lease or a month-to-month rental agreement.
If the tenant has a lease, the rent cannot be increased until the lease expires. Once the lease expires, the landlord can raise the rent, but they must give the tenant proper notice, which is 30 days notice before the rent increase goes into effect.
If the tenant has a month-to-month rental agreement, the landlord can raise the rent with proper notice. The amount of notice required is 45 days before the rent increase goes into effect.
How Much Can a Landlord Raise Rent in Nevada in 2023?
In Nevada, there is no state law that limits the amount a landlord can raise the rent. However, landlords must provide proper notice to tenants before raising the rent, and it's important to keep in mind that the rent increase must be reasonable.
A rent increase that is significantly higher than the market rate or that is unaffordable for the tenant, could be considered unreasonable. Additionally, landlords cannot raise rent in a discriminatory manner or in retaliation against tenants who have exercised their legal rights.
It's important to note that some cities in Nevada have implemented rent control laws, which might limit the amount of rent increases for certain properties. For example, Reno has a 5% plus inflation cap on rent increases for certain properties. So, it would be best to check with your local government to see if there are any rent control laws in effect in your area.
According to The Apartment List, the median rent in Las Vegas fell by 1.5% over the course of December, and has now decreased by a total of 4.6% over the past 12 months. Las Vegas’s rent growth over the past year has has fallen behind both the state (-2.8%) and national averages (4.0%).
In short - The state of Nevada does not provide a limit to rent increases.
How Can You Have Fixed Rent in Nevada?
In Nevada, a landlord can have a fixed rent by having a lease agreement with the tenant. A lease agreement is a legal contract between the landlord and the tenant that outlines the terms of the tenancy, including the rent amount and the length of the tenancy.
A fixed rent is set by the landlord and agreed upon by the tenant. The rent will not change during the term of the lease agreement. Once the lease agreement expires, the landlord can raise the rent with proper notice, as long as the increase is reasonable.
It's important to note that if the tenant has a month-to-month rental agreement, the landlord can raise the rent with proper notice, as previously discussed.
It's also important to keep in mind that landlords are not allowed to raise rent in a discriminatory manner or in retaliation against tenants who have exercised their legal rights.
It's a good idea for the tenant to keep a copy of the lease agreement for their records, and for the landlord to keep a copy of the lease agreement as well. The median Fair Market Rent in Nevada is $1,457 for a 2-bedroom home in 2023.
When Can an Increase in Rent Become Illegal?
Certain situations classify the rent hike as illegal in the state of Nevada. Those are:
In Nevada, there is no state-mandated limit on how much a landlord can raise rent, but the increase in rent must be considered reasonable and the landlord must provide advance notice before increasing the rent. However, there are certain circumstances in which a rent increase may be considered illegal in Nevada.
- Discrimination: A landlord cannot increase rent based on the tenant's race, religion, national origin, sex, familial status, or disability. This is considered illegal discrimination under the Fair Housing Act.
- Retaliation: A landlord cannot increase rent as a form of retaliation against a tenant for exercising their legal rights, such as complaining about a repair issue or organizing with other tenants.
- Breach of contract: A landlord cannot increase rent during the lease term if it is prohibited by the lease agreement. When signing the lease for a year, the tenant and landlord agree on the rent. The lease document indicates that the rent will remain the same until the end of the lease term. In this scenario, the landlord has to wait for the lease term to end and cannot increase the rent.
- Excessive increase: A rent increase is considered excessive if it is significantly higher than the average rent for similar properties in the area.
Tenants who believe their landlord has raised their rent illegally can file a complaint with the housing department or seek legal assistance. The legal rights include:
- By making a complaint to any governmental agency regarding certain conditions in the building. Such as health inspectors, building inspectors, fire departments, or any other regulatory body for lousy living conditions.
- By joining any tenant union. Suppose the landlord is uncomfortable with the tenant joining any union and retaliates against it. However, it is the legal right of the tenant to join any tenant union.
- Use rent money to fix any defects in the rental unit. The tenant can use the rent money for these fixes when the landlord has failed to comply with the fixes, resulting in terrible living conditions, health hazards, or safety hazards.
Related Reading: How Much Does Landlord Insurance Cost
Is There a Certain Limit to Rent Increment?
Again, no! The landlord can increase the rent as much as they intend to. However, this can cause a loss of income in the future.
If tenants find the rent unreasonable, they are likely to move out when they find something within the budget. However, since the rent is high, conflicting with the space and location, there are chances to have new tenants any time soon.
When the old tenants leave, it's a loss of income for the landlord. That's because the property will stay vacant until someone comes along and agrees to the hiked rents.
The Rent Increase Notice
A majority of jurisdictions require landlords to send an official rent increase notice to raise the price of rental units. This notification must detail the new price, as well as when it takes effect. In Nevada, the amount of time that must be given depends on:
- The property type
- Lease type
- Rent increase
In Nevada, the amount of notice required for a rent increase depends on whether the tenant has a lease or a month-to-month rental agreement.
If the tenant has a lease, the landlord must give the tenant 30 days notice before the rent increase goes into effect. This means that if the lease is expiring and the landlord wants to increase the rent, they must give the tenant 30 days notice before the lease expires and the new rent amount takes effect.
If the tenant has a month-to-month rental agreement, the landlord must give the tenant 45 days notice before the rent increase goes into effect. This means that the landlord must give the tenant 45 days notice before the next rent due date, and the new rent amount will take effect on that date.
It's also important to note that if the tenant has a lease agreement, the rent cannot be increased during the term of the lease unless the lease specifically allows for it.
It's always a good idea for tenants to keep records of all rent increase notices and any other written communication with their landlord to ensure they are aware of the notice given and when the increase will take effect.
Because local laws may differ, landlords should be aware of the county or city’s landlord-tenant regulations and the other state’s rules to comply.
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