Nevada Commercial Lease Agreement
A Nevada commercial lease agreement is a binding contract for a tenant to lease retail, office, or industrial space. The agreement sets the terms and rights for both landlords and tenants, as well as details about rent, penalties, and other items. The Nevada law that governs commercial leases is Chapter 118C in Nevada’s legal code. These leases are typically more complex than a residential lease, so consulting with a lawyer is advisable.
Writing Nevada Commercial Lease Agreements
- Landlord’s name and contact information
- Tenant’s name and contact information
- Property manager’s name and contact information (if any)
- Description of the lease property
- Authorized use of the property
- Type of lease (gross, modified-gross, or triple-net)
- Lease term and start date
- Option to renew the lease
- Penalty for late/non-payment of rent (including eviction process)
- Designation of the responsible parties for certain expenses and utilities
- Security deposit and refund policy
- Permissible leasehold improvements
- Landlord and tenant contact information and form for legal service
- Place for the notarized signatures of all parties
- Miscellaneous terms specific to the lease
Frequently Asked Questions
Does a commercial lease need to be notarized in Nevada? Does a commercial lease need to be notarized in Nevada? No, a commercial lease does not need to be notarized in Nevada in order for it to be legally binding; however, any party to the lease may request to have it notarized if they choose to do so. Read more »
