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Usually the landlord would need to clearly mention in the rental agreement if it is two months advance and one month security deposit or something like that. The security deposit and the rental advance are always mentioned in the rental agreement.
A landlord takes the security deposit so that they can use it against any damages that you might cause to their property. For example, if you have stained the carpet beyond redemption, then the landlord may hold back some amount from the security deposit when you vacate. The security deposit is also useful when the tenant fails to pay the rent. In such cases, the landlord keeps the advance and the security deposit.
The landlord can earn interest on the security deposit by putting it in the bank. That is the only benefit for the landlord, and he or she has to return the amount when you move out. However, it is in the tenant’s interest to safeguard the security deposit. The tenant should take pictures of the property before they move in and see that the landlord is in agreement with already existing damages. Taking it in the form of a written agreement is a much better option. When you are vacating, you can avoid disagreements.
Also remember, for regular wear and tear, the landlord cannot deduct any amount from the security deposit.
In Las Vegas, the security deposit for most apartments properties range from $75 to $300. This should give you an idea as to what to expect when renting an apartment in the city.
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