A Nevada standard 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.
Considerations on Lease Length
- 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. (NRS 118A.210)
- Landlords must provide written leases for rentals exceeding 12 months.
Security Deposit
- Maximum Amount ($): Three months’ rent (NRS § 118A.242(1))
- Returning to Tenant: 30 days (NRS § 118A.242(4))
Rent Grace Period
Tenants are entitled to a grace period of three days before landlords can charge a late fee for overdue rent. (NRS § 118A(4a))
Landlord Resources
- Landlord-Tenant Laws – NRS Chapter 118A (Landlord and Tenant: Dwellings)
- Handbook – Nevada Landlord-Tenant Handbook (PDF)
