NRS 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.
Ê 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: