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Nevada Rental Lease Agreements | Residential & Commercial

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The Nevada rental agreements are written pursuant to allow a landlord and tenant to be able to come to terms over the use of property. The contract usually spells the monthly payment amount, time period for the stay, and any other conditions agreed upon by the parties. Once the document has been written and signed it becomes legally binding to both landlord and tenant.

Rental Application – Used by the landlord to check the credentials of a potential tenant to verify their employment and any references to understand their character. The lessor is allowed to charge a small fee for providing this measure.

Table of Contents

Agreements

Association of Realtors – Provided by the Greater Las Vegas Association of Realtors for all residential tenancies.

Commercial Lease Agreement – In accordance with Chapter 118C this form is designated for property related to a business use.

Lease with Option to Purchase (Lease to Own) Agreement – Standard residential contract that offers the lessee the right to buy the property in accordance with the agreed upon provisions.

Month to Month Lease Agreement – Pursuant to  allows for the occupation of property that can be cancelled at anytime with at least thirty (30) days’ notice by either party. An additional thirty (30) days is required by the landlord for tenants who are sixty (60) years of age and older.

Room Rental (Roommate) Agreement – Created for multiple persons living in a shared residence to establish rules and how much each individual must pay for utilities and expenses on the property.

Standard Residential Lease Agreement – For a fixed term arrangement usually lasting one (1) year.

Sublease Agreement – Allows a tenant who is seeking to get out of their lease early to allow someone else, “subtenant”, to take their place and continue making payments on their behalf.

Termination Lease Letter – By the lessor or lessee to give the other notice of their intention to terminate a tenancy at will (month-to-month agreement). According to  this termination must be made with at least thirty (30) days to Tenant(s) under sixty (60) years of age and at least sixty (60) days for those over sixty (60) years old.

Disclosures

Fees () – Any fee that is non-refundable must be stated in the rental contract.

Foreclosure () – If the property has foreclosure proceedings pending it must be stated to the lessee.

Lead-Based Paint – For the disclosure of residences built prior to 1978 to let the tenants know of the potential existence of lead paint in the interior walls and ceilings. All habitants should be on watch for any chipping or cracking paint.

Move-in Checklist () – A signed accounting of the current condition of the property must be completed at the time of occupancy.

Nuisance/Violation () – A guide on the steps to report a nuisance or violation on the premises to the proper government authorities.

U.S.A. Flag (Right to Raise) () – Landlord must give tenant information on their right to wave the flag on the premises according to NRS 118A.325

Access

According to , except in the case of an emergency, the lessor must always provide at least twenty-four (24) hours notice before going inside the tenant’s leased premises.

Security Deposits

Maximum () – Landlord may ask for up to the equivalent of three (3) months’ rent.

Returning () – Within thirty (30) days of the end of tenancy the lessor must give back any funds to the tenant associated with the deposit.

Laws

CommercialChapter 118C (Landlord and Tenant: Commercial Premises)

Residential – Chapter 118A (Landlord and Tenant: Dwellings)



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