A Nevada lease agreement is a document that outlines the rights and duties of the contractual parties in connection to the property that is leased for residential or commercial purposes.
The main contractual parties to the lease agreement are the landlord (lessor) and the tenant (lessee). The landlord’s obligation is to enable the tenant to live at the leased property during the lease term. In return, the tenant must pay a monthly rent to the landlord on time.
The landlord will usually require the rental application from all the potential tenants to select the most suitable to sign the lease agreement with. The rental application usually contains information about prospective tenants, their credit score, and references from previous landlords.
Nevada Lease Agreement Required Disclosures
The disclosures provided below are declared to be mandatory disclosures by federal and state law and must be included in every lease agreement for any leased property located in the state of Nevada:
Lead-based paint disclosure. If you are renting a property built before 1978, federal law requires you to include this disclosure in your lease agreement. It must inform the tenant about lead-based paint hazards in the property's construction. (Section 1018 of Title X)
Information disclosure. The landlord must disclose the names and addresses of the property owner and manager for the purposes of receiving notifications and demands. The lease agreement must also include the telephone number of a person the tenant can call in case of an emergency. (§ 118A.260)
Move-in checklist. The lease agreement shall include a list of all the items at the property and an overall description of its condition. This checklist should be compared with the state of the property when the tenant moves out. (§ 118A.200)
Nuisance or violation disclosure. The landlord shall include guidelines for the tenant on how to act in case they witness a violation of health, safety, building code or in case of a nuisance. (§ 118A.200(3))
Fees disclosure. All non-refundable fees connected to the lease must be disclosed in the lease agreement. (§ 118A.200)
Foreclosure disclosure. If there are foreclosure proceedings pending for the leased property, this information must be disclosed in the lease agreement. (§ 118A.275)
Nevada Lease Agreement Optional Disclosures
Unlike mandatory disclosures, the disclosures listed below are not mandatory to be included in your lease agreement. However, many contractual parties choose to include them in order to protect the interests of the landlord and the tenant.
Mold disclosure. If there is a history of mold at the leased property, the landlord should notify the tenant about this through the lease agreement. The tenant shall also provide information to the tenant about the health risks and ways of treating the mold at the property.
Shared utilities disclosure. If there are multiple users at the leased property sharing one water, gas, or electricity meter, this disclosure should be included in the lease agreement. It will provide the tenant with the formula for calculating the portion of utilities that must be paid.
Consequences of Non-Disclosure
According to federal law, if the landlord fails to inform the tenant about the lead-based paint hazard during the property’s construction, they can be penalized up to $19,507. (24 CFR § 30.65)
Suppose the landlord doesn’t properly disclose the number for emergency purposes, as provided in § 118A.260 of the Nevada code. In that case, the tenant can be compensated with $25 or the amount of actual damages, whichever is greater. (§ 118A.410)
Nevada Lease Agreement Security Deposits
Security Deposit Maximum
The maximum amount of a security deposit the landlord can ask for in Nevada cannot be more than 3 months' rent. (§ 118A.242(1))
Security Deposit Return
The security deposit must be returned to the tenant no later than 30 days after the lease is over. If some deductions were made from the deposit, the landlord must provide a list of all the deductions and send it with the remaining deposit to the address provided by the tenant. In case the tenant doesn't provide the new address, the landlord shall send it to the tenant’s last known address. (§ 118A.242(4))
When is Rent Due in Nevada? (Grace Period)
The rent is due on the date defined in the lease agreement by the landlord and the tenant.
The Nevada statute provides a grace period of 3 days. (§ 118A.210(4)(a))
After the grace period is over, the landlord can charge the late fee. The landlord can also start the eviction procedure after sending the tenant the 7-day notice to pay or quit.
Nevada Rent Late Fees
If the rent is not paid after the grace period is over, the landlord can charge a late fee that cannot exceed 5% of the monthly rent amount. (§ 118A.210(4)(b))
Nevada NSF Checks
The landlord could be compensated by the tenant if the check the tenant used was rejected due to insufficient funds. The compensation shall include the check amount and a maximum of $25 as a service charge. (§ 360.238)
Nevada Landlord’s Right to Enter
A minimum of 24-hour notice must be issued by the landlord if they wish to visit the leased property.
The landlord must also limit their visits to reasonable times during normal business hours.
These limitations are not implemented in the case of an emergency or if the tenant gives special consent for a shorter notice or a visit during non-business hours.
Nevada Lease Agreement FAQ
Yes, the lease agreement is a legally binding document in Nevada.
From the moment both contractual parties sign the lease agreement, it becomes valid and legally binding.
When drafting the Nevada lease agreement, you shall include the following:
Information about contractual parties
Rent amount, methods, and the due date for payment
Maximal occupancy of the leased unit
Services included in the lease
Late or non-refundable fees
Landlord’s rights to inspect the property
Rights and duties of contractual parties
Signatures of contractual parties
The easiest way to get your lease agreement for the property in Nevada is to download one of the templates available on our website.
Simply choose the one suitable for the type and duration of your lease, download it, and you are good to go.
After drafting the lease agreement, you should:
Inspect the property.
Make sure there are no additional repairs or cleaning that need to be done.
Sign the check-in form.
Pay the first month’s rent and security deposit (if you are the tenant).
Enable the tenant to access the leased unit (if you are the landlord).