Most Commonly Used Nevada Lease Agreement
The most commonly used Nevada lease agreements are the standard Nevada residential lease agreement (which generally lasts one year), a month-to-month lease agreement, a roommate agreement, a sublease agreement, a lease with an option to buy the property, and a commercial lease agreement.
While all of the commonly used Nevada rental agreements share many of the same elements. There are also some distinct differences.
- For example, a roommate agreement may outline which areas in the property are for the tenant’s exclusive use of the roommate and which communal areas.
- A standard residential lease agreement may be for a year, and upon the end of that year, switch to a month-to-month or automatically renew. However, it may be similar to a month-to-month lease in some ways. For instance, both may require a 30 day written notice to move out at the agreement if the tenant and landlord do not plan to renew their agreement.
How to Write a Nevada Lease Agreement
Nevada lease agreements must adhere to Nevada landlord-tenant laws or they are unenforceable. There are a lot of different laws that you must consider. You will learn more about some of them under the sections related to disclosures and security deposits.
Before you sign a Nevada lease agreement, make sure that you read the terms. You also have the right to have an attorney review a Nevada lease agreement before you sign it.
A Nevada lease agreement needs:
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Names of the Parties - This is the landlord's full name or the property management company's legal business name and the legal name of the tenant(s).
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Property Address - This is the street address for the rental property, including the city, zip code, and, if applicable, the lot or unit number.
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Term Information - This is the type of lease agreement the parties agree to enter into. For example, a month-to-month lease or a fixed term. A fixed-term lease means that the parties agree that the tenant will hold possession of the space for a certain amount of time, usually one year. If it is a fixed lease, this section should include the date that the lease will end.
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Rental Amount - This section includes the date that the lease will begin, the amount of the monthly rent, the day of the month that rent is due, and the address where the rent may be paid.
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Late Fee - This section documents the amount of the fee that is due if the rent is not paid by a certain date.
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Security Deposit - This is the amount of money that must be paid in advance of the tenant taking control of the property. A security deposit is used to repair damages caused by the tenant.
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Initial Payment - This is the total amount of money that the tenant must pay to move into the property. This should include the amount of the first month's rent, the security deposit, and the total of the two numbers added together.
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Occupants - This section includes the full name of each tenant even if they are a minor or are not signing the lease. This part of a Nevada residential lease agreement establishes who will reside in the residential unit. For commercial space leases, it designates those who have permission to use the space. If the presence of additional occupants changes the price of the rent, it should be included in this section.
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Utilities - This section explains which utilities or services a tenant does not pay.
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Parking - This section informs the tenant if they will receive a parking space. If a parking space is reserved and there is a designated spot, the spot should be listed in this section.
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Furnishings - This section tells tenants what they are allowed to install (such as a washing machine or dishwasher) or what they may not install. If the tenant is not allowed to bring their own appliances, that should be designated in this section.
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Notices - This section documents the names of both the landlord or property manager and tenant along with their mailing address. This contact information is used if the parties need to send out a notice to the other party.
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Eviction - This informs tenants how eviction proceedings would be carried out in the event of nonpayment or breach of other lease terms.
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Additional Terms - This section lists any other obligations that the parties agreed to that haven't been included in any other section of the lease agreement.
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Signature and Date - The document should be signed and dated by all parties.
Which Disclosure Belongs in a Nevada Lease Agreement
The State of Nevada requires several disclosures to be made in a Nevada rental agreement. First, any fees that are non-refundable must be stated as such in the agreement. A Nevada landlord must disclose if the property is involved in foreclosure proceedings. The landlord must provide a move-in checklist to affirm the condition of the property when the tenant moves in. The landlord must explain how to report a nuisance or violation to the proper authorities. The landlord must explain to the tenant that they have the right to fly the flag on their premises. The landlord must provide at least 24 hours’ notice to the tenant before entering the property for a non-emergency.
Federal law states that if a residential property was built prior to 1978, the landlord must provide a lead paint disclosure.
What You Need to Know About Nevada Lease Agreement Deposits
The landlord may not request more than three months' rent for a security deposit for a Nevada lease agreement. The landlord must return the security deposit within 30 days of the end of a lease.
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