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Nevada Lease Agreement Templates (7)

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Nevada Lease Agreement Templates (7)

Updated August 07, 2023

A Nevada lease agreement is written to allow a landlord and tenant to be able to come to terms over the use of a property. The contract usually outlines the monthly payment amount, the term of the lease, and any other conditions agreed upon by the parties. Once the document has been written and signed it becomes legally binding to both the landlord and tenant.

Rental Application – Used by the landlord to check the credentials of a potential tenant to verify their employment and any references to understand their character. The landlord is allowed to charge a small fee for providing this measure.

Table of Contents

Agreement Types (7)

Standard Residential Lease Agreement – For a fixed-term arrangement usually lasting one year.

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Association of Realtors – Provided by the Greater Las Vegas Association of Realtors for all residential tenancies.

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Commercial Lease Agreement – In accordance with Chapter 118C this form is designated for property related to business use.

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Month-to-Month Lease Agreement (NRS 40.251) – Allows for the occupation of property that can be canceled at any time with at least 30 days’ notice by either party. The landlord requires an additional 30 days for tenants who are 60 years of age and older.

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Rent-to-Own Lease Agreement – Standard residential contract that offers the tenant the right to buy the property in accordance with the agreed-upon provisions.

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Room Rental (Roommate) Agreement – Created for multiple persons living in a shared residence to establish rules and how much each individual must pay for utilities and expenses on the property.

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Sublease Agreement – Allows a tenant who is seeking to get out of their lease early to allow someone else (“subtenant”) to take their place and continue making payments on their behalf.

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Required Disclosures (6)

Fees (NRS 118A.200) – Any non-refundable fee must be stated in the rental contract.

Foreclosure (NRS 118A.275) – If the property has foreclosure proceedings pending it must be stated to the tenant.

Lead-Based Paint Disclosure – For the disclosure of residences built prior to 1978 to let the tenants know of the potential existence of lead paint in the interior walls and ceilings. All the tenants and occupants should be on the lookout for any chipping or cracking paint.

Move-in Checklist (NRS 118A.200(k)) – A signed accounting of the property’s current condition must be completed at the time of occupancy.

Nuisance/Violation Guide (NRS 118A.200(3)(m)) – A guide on the steps to report a nuisance or violation on the premises to the proper government authorities.

USA Flag (Right to Raise) (NRS 118A.325) – The landlord must give tenant information on their right to wave the flag on the premises.

Security Deposits

Maximum Amount (NRS 118A.242(1)) – The landlord may ask for up to the equivalent of three (3) months’ rent.

Returning (NRS 118A.242(4)) – Within thirty (30) days of the end of the tenancy, the landlord must give back any funds to the tenant associated with the deposit.

When is Rent Due? (Grace Period)

The landlord cannot charge a late fee until the three (3) day grace period has expired after the rent due date (NRS 118A.210(4)(a)).

If rent is late, the landlord can send the tenant a 7-day notice to quit, informing them that they will have the period to either pay the rent due or leave the property. If the tenant does neither, the landlord can file a complaint to the local court and begin eviction.

Late Rent

Maximum Penalty (NRS 118A.210(4)(b)) – The landlord can charge the tenant a maximum fee of 5% of the monthly rent amount.

NSF Fee (NRS 360.238 & Bad Check Handbook) – The landlord cannot charge more than $25 for a bad check.

Right to Enter (Landlord)

According to NRS 118A.330except in the case of an emergency, the landlord must always provide at least twenty-four (24) hours’ notice before entering the tenant’s leased premises.