As a property owner, you need a rental agreement to ensure that you and the tenant have a good experience. It protects you and them, telling the tenant everything they must know before they choose to move in. Let's learn more!
A standard residential lease agreement is often provided to the tenant after the Nevada rental application is completed. This legally-binding contract states the rules associated with living in the unit, such as rent payments, security deposits, and other important factors.
It must comply with the landlord-tenant laws in Nevada. Also, a Nevada sublease agreement is worded similarly and does the same thing.
A Nevada rental lease can also be used for a commercial space. The rules are similar, and you include what you want inside the agreement.
What to Include
The agreement for the rental space should include these things:
List how much rent you request as a monthly payment. If the tenant signs, it means the tenant agrees to pay rent in that amount.
A Nevada landlord may collect three months' rent for the security deposits maximum amount.
However, they must return the full three month's rent as the tenant's security deposit within 30 days of the end of the lease minus whatever amount was required for damages.
Repairs and Right to Entry
Nevada landlords must provide twenty-four hours' notice to the tenant before coming into the rental property unless it is an emergency.
While the rental agreement itself doesn't need to include information about evictions or termination, it's best to have it displayed somewhere. Landlords may file formal evictions for:
- Failure to pay rent
- Conducting illegal activities
- Non-renewal of the lease
- Violation of the agreement
The following required disclosures are necessary for all Nevada lease agreements and generally each rental unit:
- Landlord Contact Info - The address and name of the landlord should be disclosed in the agreement so that any future legal notices sent by the tenant can be delivered accordingly.
- Late Fee Disclosure - Late fees must be outlined to potential tenants to be enforceable. It can't exceed five percent of the due balance and can't be stacked with accrued late fees thus far.
- Right to Display American Flag - There must be a notice in a common area that prospective tenants are allowed to display a United States flag in a personal location or common area. However, that doesn't apply to other flags.
- Foreclosure Disclosure - Rental properties with a pending foreclosure must have disclosures in the lease to alert tenants about them.
- Utility Charge Breakdown - The breakdown of all utilities must be included in the rental agreement.
- Move-in Checklist - Nevada requires that all landlords give a move-in checklist outlining the property's condition and inventory, which must be signed by both parties.
- Permitting or Maintaining Nuisance - Nevada landlords have to offer a notice about penalties included for creating nuisances on the property.
- Lead-based Paint Disclosure - Federal law requires US homes built before 1978 to include a list of risks posed by lead-based paint. Landlords must fill out a disclosure form from the EPA and attach it to the agreement and provide an EPA-approved pamphlet describing the dangers.
Build Your Own
Use this custom residential lease agreement builder to create your lease documents in adherence to Nevada law.
A rental contract is usually overwhelming to new landlords because they know they must get everything right or be held legally liable. Therefore, property management software is crucial.
DoorLoop helps you upload lease templates in mere seconds and customize them or auto-fill them as needed. Just download the free form and take out the requirement of using licensed attorneys.
In fact, DoorLoop allows you to screen tenants with one click, handpicking the best people for the property.
If you're interested in seeing how DoorLoop works, just request a demo or sign up to use it now.
How long are Nevada rental agreements?
The maximum lease agreement term is one year, which includes residential and office space properties. While longer leases are acceptable, they must be in writing.
Are a lease and Nevada roommate agreement binding?
Yes, both of these agreements are legally binding. Once the landlord and tenant (or roommate) sign the contract, they must all comply with the conditions listed therein.
Can a leasing contract automatically renew for the rental property?
Yes, leases automatically renew when a renewal clause is included. It could be on a month-to-month basis or the same time frame as the original lease.