Nevada § 118A.240 - “Security deposit” defined
Full text of Nevada Nevada Revised Statutes § 118A.240 — “Security deposit” defined, with citation guidance and answers to common questions.
§ 118A.240. “Security deposit” defined
1. Any payment, deposit, fee or charge that is to be used for any of the following
purposes is a “security deposit” and is governed by the provisions of this section
and NRS 118A.242 and 118A.244 : (a) Remedying any default of the tenant in the payments of rent. (b) Repairing damages to the premises other than normal wear caused by the tenant. (c) Cleaning the dwelling unit. 2. “Security deposit” does not include: (a) Any payment, deposit or fee to secure an option to purchase the premises; or (b) Any payment to a corporation qualified under the laws of this State as a surety,
guarantor or obligator for a premium paid to secure a surety bond or a similar bond,
guarantee or insurance coverage for purposes of securing a tenant's obligations to
a landlord as described in NRS 118A.242 .
Frequently Asked Questions About Nevada § 118A.240
What does Nevada Revised Statutes § 118A.240 cover?
Section 118A.240 ("“Security deposit” defined") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 118A.240?
A common citation format is "Nevada Revised Statutes § 118A.240" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 118A.240 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.