A Nevada lease agreement is a useful document when leasing out a property in the state of Nevada. It clearly outlines the responsibilities of the landlord and the tenant. Thus, it avoids any misunderstanding that may arise between the parties during the lease period. It includes the grounds and procedure for eviction and the requirements of giving notice. In case of a legal dispute, it helps the court to understand the conditions of the lease and fix liability. It is pertinent to note that all the provisions of the agreement must comply with the laws of the state of Nevada.
Key Terms of Nevada Lease Agreement
The following terms should be included in a Nevada lease agreement:
- Names and addresses of the parties
- Address of the premises to be leased
- Term of the lease
- Rent to be paid
- Security deposit
- Restriction on the number of occupants
- Responsibilities of the tenant and the landlord
- Provision regarding pets
- Notice to vacate
- Grounds for termination
- Penalty for late payment of rent
- Landlord’s right to enter the premises
- Inventory present on the premises
- Illegal activities prohibited
- Law of the state of Nevada to govern the agreement
- Disclosures required under Nevada law
- Date and signature of both the parties
How to Draft the Nevada Lease Agreement?
Once the landlord agrees to lease out the premises to the tenant, a lease agreement has to be drafted in accordance with the laws of Nevada. The following steps can be followed:
- Decide on the duration for which the lease will subsist.
- Fix the amount of rent to be paid monthly by the tenant and the mode of such payment.
- The security deposit should be fixed in accordance with the law. Nevada law prescribes a maximum limit of three months’ rent as the security deposit.
- Fix the number of occupants that can occupy the premises during the lease period.
- Include an inventory to have written proof of the items on the premises when the lease was executed.
- Enumerate the responsibilities of the tenant. For example, he should keep the premises clean and in good condition.
- List out the responsibilities undertaken by the landlord.
- Include a provision that allows the landlord to enter the premises after giving twenty-four hours’ notice to the tenant unless there is an emergency.
- Enumerate the grounds for terminating the lease agreement.
- Include a clause for ‘disclosures’ in accordance with the law of Nevada. This includes disclosures regarding any non-refundable fee or pending foreclosure proceedings against the leased property.
- Ensure that both parties have signed the document.
Types of Nevada Lease Agreement
There are different kinds of lease agreements in Nevada.
- Standard residential lease agreement: An agreement for leasing property for residential use.
- Month to month lease agreement: This agreement is for a short duration of time and can be terminated by giving one month’s notice.
- Commercial lease agreement: The agreement helps to lease out the property for business use.
- Lease to own agreement: A lease agreement that provides the lessee with an option to purchase the property in accordance with the conditions mentioned therein.
- Room rental agreement: Also known as roommate agreement, it is a contract between people who share a household and enumerates their obligations.
What Happens In Case of Violation?
If a tenant violates the agreement, the landlord has to serve him a five-day notice to fix the violation. If he fails to rectify the violation, the landlord has to give him a further notice to vacate the premises. If the landlord fails to return the security deposit, the tenant can file a suit in small claims court.
Sample Nevada Lease Agreement
A sample of the agreement can be downloaded from below.