The landlord can increase the rent any time they want with proper notice. NV law requires 45 days if there is a month to month agreement. A yearly agreement or at the end of the lease also has 45 days notice required.
My leases have an auto increase of some amount if the yearly lease converts to a month to month at the end of the year lease period. If the tenant wants to renew for another year, I typically keep the rent the same for another year lease. This is done for all good paying tenants.
If I want to get the tenant out without an eviction, I raise the rent with proper notice to more than what they want to pay and out they go.
This is great reason to start your new home hunting well before your lease runs out. You can locate your new home and move before the current lease has expired. Remember that you are responsible for paying through the end of your old lease and rental agreement even if you move early into your new home.
Chat with your Realtor well before your lease is due to expire if you are looking to move. That way you minimize the risk of paying on 2 places at one time. Contract law is very expensive if you try to buy and bail.
Please contact me immediately if you know a person that cannot make their mortgage payments. I will work with them to avoid foreclosure or bankruptcy at no charge or fees to them.
Steven Goldman, CRS
Certified Distressed Property Expert (CDPE)
Certified Default Advocate (CDAT)
Certified Short Sale Professional (CSP)
Certified Probate Real Estate Specialist (CPRES)
GRI, ABR, SRES, CNHS, PM, CCI
Realty One Group
10750 W. Charleston #180
Las Vegas, NV 89135