A Nevada standard residential lease agreement is a legally binding contract between a landlord and tenant for renting residential property. The contract allows tenants to rent the property by paying monthly rent and other utilities.
Before signing the contract, landlords and tenants often walk through the rental unit to discuss rent amounts, security deposits, and other fees. Once both parties agree, they can enter into a mutually beneficial rental arrangement.
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- Lease Length Considerations
- Security Deposit
- Rent Payment
- Landlord Resources
- Related Forms
Lease Length Considerations
- Unless a rental agreement establishes a definite term, the tenancy is from week to week for tenants who pay weekly rent, and in all other cases, it is from month to month. [1]
- Landlords must provide written leases for rentals exceeding 12 months.
Security Deposit
- Maximum Amount($): Three months’ rent. [2]
- Returning to Tenant: 30 days. [2]
Rent Payment
- Grace Period: Three (3) days. [3]
- Maximum Late Fee: 5% of monthly rent. [3]
- NSF Fee: $25. [4]
Landlord Resources
- Landlord-Tenant Laws –NRS Chapter 118A (Landlord and Tenant: Dwellings).
- Handbook –Nevada Landlord-Tenant Handbook (PDF).
