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Free Nevada Mutual Lease
Termination Agreement Template

Last reviewed September 2026

Written by LawLease Editorial

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Nevada Mutual Lease Termination Agreement

This Mutual Lease Termination Agreement is built with Nevada as the governing state. These are the Nevada landlord-tenant rules that most often bear on it, with the statute for each.

Nevada rules at a glance

Nevada rules for a Mutual Lease Termination Agreement
Month-to-month termination30 days’ notice (7 days for week-to-week)NRS 40.251
Security deposit limit3 months’ rent, counting any surety bond and prepaid last month’s rentNRS 118A.242(1)
Deposit return30 days, with an itemized written accountingNRS 118A.242(4)
No nonrefundable depositsA lease can’t label any part of the deposit nonrefundable or waive these rights, though a reasonable nonrefundable cleaning charge is allowed (NRS 118A.242(8)).

Security deposits in Nevada

Nevada’s cap is generous by national standards but counts everything: the security deposit, any surety bond and any prepaid last month’s rent together may not exceed three months’ periodic rent (NRS 118A.242(1)). Nevada doesn’t require interest on deposits.

  • Surety bonds — With the landlord’s consent, a tenant may buy a surety bond instead of paying all or part of the deposit. A landlord isn’t required to accept one — and can’t require the tenant to buy one (NRS 118A.242(2)–(3)).
  • Allowed deductions — Only amounts reasonably necessary to cover unpaid rent, damage beyond normal wear caused by the tenant, and reasonable cleaning costs (NRS 118A.242(4)).
  • Return — Within 30 days after the tenancy ends, the landlord must give an itemized written accounting and return any remaining balance, in person where rent is paid or by mail to the tenant’s present or last known address (NRS 118A.242(4)).
  • Penalty — A landlord who fails to return the balance in 30 days owes the entire deposit plus up to another amount equal to the deposit, set by the court based on good faith and the harm caused (NRS 118A.242(6)–(7)).
  • No nonrefundable deposits — A lease can’t label any part of the deposit nonrefundable or waive these rights, though a reasonable nonrefundable cleaning charge is allowed (NRS 118A.242(8)).

Nevada Mutual Lease Termination Agreement FAQs

How much can a landlord charge for a security deposit in Nevada?

Up to three months’ periodic rent — but that limit covers the deposit, any surety bond and any prepaid last month’s rent combined (NRS 118A.242(1)).

How long does a landlord have to return a security deposit in Nevada?

30 days after the tenancy ends, with an itemized written accounting. Missing the deadline makes the landlord liable for the entire deposit plus up to another deposit’s worth in damages (NRS 118A.242(4), (6)).

More Nevada landlord documents

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