Connect with us

Nevada

Nevada bill seeks to protect renters from ‘hidden’ or ‘junk’ fees

Published

on

Nevada bill seeks to protect renters from ‘hidden’ or ‘junk’ fees


LAS VEGAS, Nev. (FOX5) – A Nevada bill seeks to protect renters from “hidden” or “junk” fees, making sure landlords are transparent with tenants about all monthly rental costs before someone agrees to a lease.

A.B. 121 was brought back, this session, by Assemblymember Venicia Considine. It previously passed both chambers, last session, but was vetoed by Governor Joe Lombardo.

In an effort to curb deceptive advertising, the bill would also require landlords to give tenants a “boiler plate” of a monthly lease disclosing the full amount and all fees, before anyone signs a lease and gives a deposit.

A Nevada bill could help renters with hidden “junk” fees(FOX5)

“You have an advertised rate for rent–and then you go in, you put down your non-refundable fees, which could go into the hundreds of dollars–and then you go to sign your lease. You find out that you have all of these fees that nobody has mentioned, and those could add $200, $300 a month to your rent– and you have no ability to opt out of those,” Considine said.

Advertisement

“It’s predatory. That’s why I brought the bill two years ago,” she said.

The bill would also eliminate the fee imposed when renters pay the rent through a designated electronic portal or website.

Robin Crawford, Executive Director of the Nevada State Apartment Association, released the following statement:

“Our organization supports the concept of greater transparency in rental housing fees when it is achieved through well-crafted, balanced legislation. However, AB 121 includes provisions that are unrelated to fee transparency and could create significant compliance challenges for housing providers. We are actively working with the bill sponsor to address these concerns with the goal of supporting a version of the bill that works for both renters and housing providers.”

The FTC has brought legal action against Clark County landlords for such alleged practices. Invitation Homes agreed to pay $48M to renters in Federal Trade Commission settlement, after the FTC alleged fees from “ ‘smart home’ technology and ‘utility management,’ to air filter delivery and internet packages. Renters could not opt out of paying these fees,” a release stated.

Advertisement

Invitation Homes stated that it admits no wrongdoing.

Earlier this year, the FTC announced legal action against Greystar, which manages more than 40 apartment complexes across the Valley.

“No resident at a Greystar-managed community pays a fee they have not seen and agreed to in their lease,” a release from the company stated, vowing to fight the suit.



Source link

Advertisement
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Nevada

Mansion on the Nevada Side of Lake Tahoe Swiftly Sells for $46 Million

Published

on

Mansion on the Nevada Side of Lake Tahoe Swiftly Sells for  Million


A waterfront mansion on the Nevada side of Lake Tahoe just sold for $46 million, less than three weeks after hitting the market. 

The speedy deal marks a departure from the typical U.S. market.

Nationwide, homes took a median 78 days to land a buyer in January, five more than the same time last year and the 22nd straight month of homes taking longer to sell on a year-over-year basis, according to data from Realtor.com. 

Mansion Global Boutique: Book Lovers Rejoice: 8 Must-Haves To Build Your Perfect Reading Nook

Advertisement

The lavish log cabin-like residence, in Incline Village, listed on Jan. 24 for $47.5 million. It sold 20 days later, on Feb. 13, listing records show. 

The more than 7,000-square-foot residence was built in 2014, and has double-height living spaces, walls of windows, beamed ceilings, fireplaces, and plenty of rustic exposed stone and wood, listing images show. 

Advertisement – Scroll to Continue

There’s also a gym, a wet bar, a spa, a wine room, an office, two separate game rooms, seven bedrooms and dramatic Lake Tahoe views. Outside, there’s a private sandy beach, multiple decks, a heated driveway and two exterior fireplaces, according to listing information. 

MORE: Visited by Kings and Larger Than Manhattan, Giant Scottish Estate Asks £67 Million

Advertisement

The seller and the buyer are both limited liability companies, according to property records. Both parties were represented by Jeff Brown of Tahoe Mountain Realty, who declined to comment on the deal. 

The median home price in Incline Village was $1.595 million as of December, a fall of 3.3% from a year earlier, according to data from Realtor.com. Listings, meanwhile, spent an average of 130 days on the market. 



Source link

Continue Reading

Nevada

Green Valley edges Liberty in Class 5A softball — PHOTOS

Published

on

Green Valley edges Liberty in Class 5A softball — PHOTOS