Nevada § 118A.244 - Notice or transfer of security deposit or surety bond to tenant and successor in interest required upon transfer of dwelling unit

§ 118A.244. Notice or transfer of security deposit or surety bond to tenant and successor in interest required upon transfer of dwelling unit

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 . 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.