Nevada Security Deposit Law (NRS 118A.242)

Under Nev. Rev. Stat. § 118A.242, "the landlord may not demand or receive a security deposit or a surety bond, or a combination thereof, including the last month's rent, whose total amount or value exceeds 3 months' periodic rent." When the tenancy ends, the landlord must provide "an itemized, written accounting of the disposition of the security deposit" and return any remaining portion "no later than 30 days after the termination of the tenancy," either in person where rent is paid or by mail to the tenant's present or last known address. Allowed deductions cover unpaid rent, costs of cleaning or repairing damage beyond normal wear and tear, and other charges authorized by the rental agreement.

If the landlord fails to return the remaining deposit within 30 days, Nev. Rev. Stat. § 118A.242(6) makes the landlord liable for damages "(a) In an amount equal to the entire security deposit; and (b) For a sum to be fixed by the court of not more than the amount of the entire security deposit," weighing good faith and harm.