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

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

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