Henderson, NV · Member since 2018 · 1 post · 0 votes
Hi All,
SB256 was proposed today. I haven't had time to review the full text yet; will likely do so tonight. I wanted to share the link before I create my own opinions.
Late fee capped 5% of monthly rent seems a bit low but I have seen some ridiculous late fees where PM companies charge hundreds of dollars in late fees.
A tenant may fight an eviction and not be required to deposit the rent in an escrow account seems a bit crazy.
I'm also wondering if not discriminating based on a tenant's income derived from government benefits means landlords would be required to accept Section 8 and other subsidized tenants?
Thanks for starting this thread. For any of you investing in Las Vegas, North Las Vegas, Henderson, Clark County, or anywhere in Nevada, please go to this website to voice your opinion: https://stopsb256.com.