Security Deposit Interest in Nevada: No State Requirement (2026)
Nevada NRS 118A.242 caps security at 3 months' periodic rent (including designated last month's rent), requires itemized accounting within 30 day… Calculator, statute citation, Last Verified date o
Quick answer
No — Nevada law does not require landlords to pay interest on security deposits. Nevada NRS 118A.242 caps security at 3 months' periodic rent (including designated last month's rent), requires itemized accounting within 30 days of tenancy end, and contains no interest requirement; no Las Vegas/Clark County ordinance requiring deposit interest was found. The rule comes from NRS 118A.242 (Security: limitation on amount or value; surety bond; itemized accounting). State statute (official text) · 2026-10-28
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What Nevada law does — and does not — require
Nevada has no statewide statute requiring interest on security deposits. Nevada NRS 118A.242 caps security at 3 months' periodic rent (including designated last month's rent), requires itemized accounting within 30 days of tenancy end, and contains no interest requirement; no Las Vegas/Clark County ordinance requiring deposit interest was found.
The statute that governs deposits in Nevada, NRS 118A.242 (Security: limitation on amount or value; surety bond; itemized accounting), covers how and when the deposit itself must be returned — it simply does not mandate interest on top.
How interest must be paid
Not applicable; no interest requirement (landlord may commingle deposits with own funds). Not applicable; itemized written accounting and refund due within 30 days after termination of tenancy; landlord forfeits right to withhold any portion for missing the deadline (exposure up to twice the disputed amount per guides).
Who the law applies to
Residential tenancies under NRS Ch. 118A (landlord-tenant act, dwellings); deposit + surety bond + designated last month's rent combined cannot exceed 3 months' periodic rent; tenant may dispute itemized accounting in writing within 30 days.
Cities in Nevada that require interest
Las Vegas / Clark County: no deposit-interest ordinance found; one tenant-law blog (faraneshlv.com) vaguely claims Nevada law 'may even mandate interest in certain municipalities' but names no city and no ordinance was located - treat as unverified. Nevada has no rent-control regime that carries deposit-interest riders.
States that do require deposit interest
Nevada has no statewide requirement. If you are moving or own rentals across state lines, these states do — each rate is the statutory value verified on the state page:
| State | Statutory rate |
|---|---|
| Massachusetts | 5% per annum, or the lesser amount of interest actually received from |
| Ohio | 5% per annum |
| Maryland | greater of 1.5%/year or U.S. Treasury 1-year yield curve rate (leases |
| Minnesota | 1% per annum |
| New York | Interest actually accrued/paid on the deposit in the interest-bearing |
The statute behind it
| Field | Value | | --- | --- | --- | | Citation | NRS 118A.242 (Security: limitation on amount or value; surety bond; itemized accounting) | | Official text | nevada.public.law | | Last verified | 2026-10-28 |
Cross-checked against: Obligo - Nevada Security Deposit Law guide ('Nevada state law does not currently require landlords to pay interest on security deposits'), Avail - Nevada Landlord-Tenant Laws (no interest required; commingling allowed).
Statutes get amended. If you are relying on this page — for a move-out, a dispute, or a lease draft — click through to the official text and confirm the current wording.
FAQ
Does Nevada require landlords to pay interest on security deposits?
No. Nevada law does not mandate interest; whatever the lease says governs. Las Vegas / Clark County: no deposit-interest ordinance found; one tenant-law blog (faraneshlv.com) vaguely claims Nevada law 'may even mandate interest in certain municipalities' but names no city and no ordinance was located - treat as unverified. Nevada has no rent-control regime that carries deposit-interest riders.
How is deposit interest calculated in Nevada?
NRS 118A.242 text (verified) covers deposit cap, surety-bond alternative, receipts and 30-day itemized accounting - no interest clause. AB 223 (2025) added receipt duties, not interest. The calculator at the top of this page reflects Nevada's rules where a numeric value exists.
When do I get the interest?
Not applicable; itemized written accounting and refund due within 30 days after termination of tenancy; landlord forfeits right to withhold any portion for missing the deadline (exposure up to twice the disputed amount per guides).
Can my lease require the landlord to pay interest anyway?
Yes — a lease can always give you more than state law requires, never less. If your Nevada lease promises interest, that promise is enforceable as a contract even though no statute mandates it.
Independent second source · 2026-10-28Related guides
- All states: security deposit interest by state · rent increase rules by state
- Tools: deposit interest calculator · rent increase calculator
- Neighboring states: Colorado · Utah
This page is information, not legal advice — see the full disclaimer.