If you need assistance, please call 702-476-0060

Rent is skyrocketing in Las Vegas. Here's what you can do

Wednesday, September 29, 2021   /   by Ken Couture

Rent is skyrocketing in Las Vegas. Here's what you can do

Rent is skyrocketing in Las Vegas. Here's what you can do.png
The housing shortage has created a crisis for renters throughout the Las Vegas Valley, and many are concerned about the terms of lease renewals and the impact of rent increases.

The Legal Aid Center of Southern Nevada explains that Nevada law limits options for tenants. 
"We are seeing rents increase all across the valley. Unfortunately, there is not a lot of tenants can do in these situations. It's not a rent-controlled state like New York," said attorney Aaron MacDonald of Legal Aid Center of Southern Nevada. "The landlord has the ability to increase the rent, to whatever amount she wishes, so long as she gives the appropriate notice."
What is the law? According to Legal Aid Center: 
A landlord cannot increase your rent during your lease and must give you a 60-day notice of any rent increase
Monthly tenants must also get a notice of a rental increase 60 days in advance
Weekly tenants must get a notice of a rental increase 30 days in advance
Other than the law, MacDonald advises the following options: 
Negotiate. Prove why you have been a good tenant, and what you can afford. 
Be proactive, and approach your landlord before your lease is up.
"That way you're protected during that lease term from rent increases," he said. 


Follow us on:

FB: Ken Couture Realty Your Home Sold Guaranteed

IG: @kencouturerealtylv

Twitter: Ken Couture

Pinterest: Ken Couture

LinkedIn: Ken Couture Your Home Sold Guaranteed

 

Contact us at:

Ken@CoutureRealtyLV.com

702-476-0060

Couture Realty
Ken Couture
8367 W Flamingo Rd Suite 101
Las Vegas, NV 89147
702-476-0060

UP5DB701E1507748.jpgThe data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. The information being provided is for the consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. GLVAR MLS deems information reliable but not guaranteed. Copyright 2021 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved.
This site powered by CINC: www.cincpro.com