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Governor Sisolak: “It’s time for landlords and renters to work out payment plans…”

Governor Sisolak: Encourages landlords and tenants to work together….

Nevada Gov. Steve Sisolak has signed an order which will gradually lift the moratorium on evictions. He also strongly urges landlords and tenants to work together and collaborate on repayment plans.

“It is just as important today as it was when I signed the original directive to allow Nevadans to stay home and stay safe as much as possible, while also providing clarity and a timeline in which rental obligations must be met,” said Governor Steve Sisolak. “

Directive 025 lifts the moratorium on evictions and foreclosures by allowing residential evictions and foreclosures to resume in full on September 1 for non-payment of rents and no cause evictions. Late fees or penalties for non-payment of rent or mortgage payments may not be charged retroactively.

For commercial tenancies and mortgages, landlords and lenders can again charge late fees, initiate lockouts, or start eviction actions for non-payment of rent or foreclosure proceedings beginning July 1.

The Governor strongly encourages all landlords and tenants to work together on repayment plans. The Nevada Attorney General’s Office has created a template Lease Addendum and Promissory Note to assist and encourage landlords to work with tenants on a repayment plan to keep people in their residences and to avoid overwhelming the courts.

This voluntary document is intended to help landlords receive delinquent rental amounts while helping keep tenants in their homes or places of business under a payment plan for back due rents that they can afford.

The Nevada State Treasurer’s Office is coordinating a statewide rental assistance program to help residential and commercial tenants, with the goal of having the residential program up and running by mid-July and the commercial program shortly thereafter.  The program will be funded with $50 million of federal Coronavirus Relief Funds, with $30 million earmarked for residential rental assistance and $20 million set aside for the commercial rental relief program.

“We understand that significant action is needed so that Nevadans can remain in their homes and businesses can stay open,” said Treasurer Zach Conine. “These programs will provide much needed assistance to renters, businesses, non-profits and landlords throughout the state.”

More information on the rental assistance program will be announced in the coming weeks.

 

 

 

 

 

 

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