Nevada Residential Lease Agreement
The Nevada residential lease agreements are designated for landlords and tenants looking to come to a legally binding contract that sets the conditions for occupying property in return for a monthly payment. What sets the residential lease from other types is that it is for a fixed term, usually one (1) year, with terms that outline the exact details of the one’s right to reside in livable space.
The landlord, before signing any type of agreement, will usually ask for the tenant to authorize a rental application to make sure that they are financially stable to handle the monthly payments. If approved, an agreement should be written (by filling in the blanks) and sent to the tenant for signature. After signing, the Security Deposit, of no more than three (3) months’ rent (Statute 118.242), should be sent to the landlord.
- Checklist – If a Security Deposit was required by the landlord, they must give this form to the tenant to let them write down any existing damage that may be on the premises before move-in.
- Lead Paint – Only for housing structures built prior to 1978.