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
A Nevada commercial lease agreement should generally contain the following:
- 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
