A Nevada standard residential lease agreement establishes a landlord-tenant relationship when a property is rented for housing purposes. In most cases, the landlord rents their property to a tenant in exchange for payments due once each month for the entire leasing period. Such standard residential-related contracts are typically less complex than their commercial counterparts. However, the document may be comprehensive or short and simple, depending on the nature of the arrangement. Each party should fully comprehend the terms to which they consent upon signing. Failure to understand the contract may result in a violation of the tenancy and can even constitute legal action. Once they reach an accord, the landlord and tenant must sign the document into effect and commence their contractual duties.
Handbook – Nevada Landlord-Tenant Handbook
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