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Nevada Rental Lease Agreements | Laws

The Nevada lease agreement is a contract between a landlord and a tenant in which the tenant agrees to pay the landlord at regular intervals in exchange for the use of residential or commercial space. Before signing on tenants, landlords will often conduct a background check to ensure that they can be relied on to pay their rent. Most agreements are for a one (1) year period with the option to renew, however, month-to-month or “at-will” leases can also be used.

Rental Application – This form is used to acquire references and personal/employment information from potential tenants in addition to obtaining their consent to have background checks performed.

Contents

Agreements: By Type (7)


Commercial Lease Agreement – A rental contract used to rent commercial, industrial, and office property to an individual or business entity.

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College Roommate Agreement – Outlines agreed-upon rules and responsibilities between college roommates.

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Lease with Option to Purchase (Lease to Own) – Allows the tenant to rent a property with the option to purchase it in accordance with the agreement.

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Month to Month Lease Agreement – A rental agreement that renews and is paid on a monthly basis.

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Roommate Agreement – This document can be used by roommates to formalize the rules and responsibilities of a group of tenants living in the same rental unit.

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Standard (1-year) Lease Agreement – An annual residential lease that is paid on a monthly basis.

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Sublease Agreement – If a tenant wishes to sublease their rental space to another individual, they can use this form.

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Landlord-Tenant Laws

Commercial – Chapter 118C (Landlord and Tenant: Commercial Premises)

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

Disclosures

Fee disclosure (NRS 118A.200.3(e)) – In their lease agreements, the landlord must disclose any fees that can be charged and their purpose.

Foreclosure (NRS 118A.275) – If there is an impending foreclosure on the property, the landlord must disclose this in writing to the tenant.

Property Disclosure Form (NRS 118A.200.3(k)) – The landlord must provide the tenant with a signed form that details the condition of the property as well as its inventory.

Landlord’s Access

General Access (NRS 118A.330(3)) – Landlords must provide tenants with a minimum of twenty-four (24) hours’ notice before accessing the tenant’s rented property.

Emergency Access (NRS 118A.330(2)) – In the event of an emergency, the landlord does not need permission to enter the tenant’s premises.

Rent

Grace Period – No statute.

Maximum Fees ($) – No statute.

Rent Increase Notice (NRS 118A.300) – Landlords must give forty-five (45) days’ notice before increasing rental costs. For at-will tenancies of less than a month, only fifteen (15) days’ notice is required.

Security Deposits

Maximum Amount ($) (NRS 118A.242(1)) – Three (3) months of rent.

Returning to Tenant (NRS 118A.242(4)) – Security deposits must be returned to the tenant within thirty (30) days after their lease has terminated.

Interest Required? – No statute.

Separate Bank Account? – No statute.