True or False: Fees may exceed three months of periodic rent?

The assertion that fees may exceed three months of periodic rent is false under Nevada law. Specifically, the law regulates the maximum amount of fees that a landlord or property manager can charge in relation to the rental agreement. Generally, this includes application fees, security deposits, and other required fees tied to the lease terms.

In Nevada, the sum of these fees is explicitly capped, ensuring that they do not surpass an equivalent amount of three months' rent. This regulation is designed to protect tenants from excessive financial burdens before they enter into a leasing agreement. Therefore, stating that fees can exceed this limit does not align with the established regulations and practices in property management within the state. This understanding is crucial for tenants and property managers alike, ensuring they operate within the parameters of the law while establishing rental agreements.